Stock Market Starts 2009 With Nice Rally

Nice first day of the new year for the US Stock Market, Dow up 258 points (2.94%) and the SP 500 was up 28.55 points (3.16%). Good riddance to 2008!! I expected a nice rally in January as the Obama Expectation Rally runs through January. Don't get too excited, I expect new lows in the stock market by the end of spring-Lou

Here is a one day chart for the SP 500: