Stocks Rally on March Madness

I think the reason du jour for the market rally was Morehead St. beating Louisville.

And who doesn't like Morehead?

Seriously, the sports bar here in Reno was chanting "Morehead! Morehead!" as the game was winding down.

So, we had a strong bounce today an the official reason is better economic data, but I think they were just grabbing a headline and then watching the games on the iPhone and iPad March Madness app.