Fabulous Friday

Today the market is exploding. As of right now, the S&P 500 is up 1.99%, up on news that Google's ad-click business seems to be unaffected by macroeconomic downturns, Citigroup's earnings report which topped analysts expectations and general positive investor sentiment. Earnings released this week by large banks indicate that losses have no been as large has predicted, and investors are moving back into the market. Not only are financial stocks up, but technology is showing strong growth on the Google news, and also as investors move back into the market, tech stocks will see a lot of this action. Citigroup is up 7.24% and Google is up 21.09% today. The aggregate tech sector is up 2.62%, Financials are up 2.02%, and Capital Goods are seeing the best day by sector, up 2.68%.
Today marks a big day for the market. The market will close today for the weekend. This will mean the market has closed up for the week, showing that investors feel comfortable will sustainable price increases, bucking the trend of volatile and up-down markets. While there may be a sell-off early next week, I see this as a buying opportunity, as I expect the markets to continue to grow from here on.