I agree, very strong rally, however, have you ever heard of a bear market rally, they can be just as in in most cases more severe. Look at the rallies in mid March and mid April..Also, think responsibly, does the entire market, i.e the dow and the nas rest on the repots of one company? because if they dont then why were we close to the sept lows prior to yesterday?
"why were we close to the sept lows prior to yesterday?"
Excessive shorting maybe???...It was all set...the technicals were saying bounce...and here we a have it, but this is more than just a bear market bounce.....28 was my target for INTC in a bear market bounce....It now looks like 29 will be tested and SOON...If it's today...no doubt it goes higher tommorrow!!!.....Something to consider----As a general rule.....April is usually a decent month for the market while May and June are typically down----this year April was horrible.....although there was some decent economic data (forget the jobs reports, that's a trailing indicator)...the pent up demand for an upside move was created by the dissappointing April market performance coupled with the decent economic data.