First Trading of 2006

Whoosh! Just a quick comment on the market today. With "everybody" expecting a poor January and perhaps even a poor 2006, the market did what it normally does to "everybody," and brushed them aside on Day 1, 2006. The catalyst today was the Fed hinting that they're nearing the end of their rate hikes. Didn't we already know that? But we heard it from the horse's mouth today, and whooosh, higher we went. I like to see late afternoon buying. I figure that's when the big money is moving. We also have monthly strength as 401k contributions are hitting.

A better start to 2006 than we had in 2005. One day does not a market make, but maybe we'll see investors emboldened by today's move and chase this thing higher.

Party on, Wayne.