Market Watch 09/10/2009

Weather in sunshine .

Today, Stocks rise for 5th day after slight improvement in jobless claims;

The latest push higher followed the Labor Department's report that jobless claims fell more than expected to 550,000 last week. An upbeat forecast from consumer products maker Procter & Gamble Co. added to enthusiasm about an economic recovery. 

Analysis said that this is a rally that’s supported by the fundamentals.

The Dow rose 80.26 , or 0.8 percent, to 9627.48 . The broader S&P 500 index rose 10.77, or 1 percent, to 1044.14. The Nasdaq composite index rose 23.63, or 1.2 percent, to 2084.02.

An expert said that too many analysts are now expecting a pullback for it to happen. He pointed to a well-tested piece of Wall Street wisdom that if a certain prediction becomes too widely expected in the marketplace, that conclusion is often wrong. 

Oh, That ‘s the reason that stock market is so attractive, because it’s always un-predictable.