The market had a very rough opening this morning with the Dow down over 100 points and the S&P and Nasdaq looking weak.  Yet, the market rebounded a little, cutting some of the losses. Did you hear or read anything over the weekend that made you feel good about anybody solving the budget and debt issues soon?  We have 10 days! 

The market responded well today to good economic news and to the positive and somewhat surprising response to the election of a moderate Iranian President.  Some moderation in Turkey didn’t hurt either, and overnight positive markets in Asia and Europe gave bullish investors enough encouragement to buy equities broadly. We think it likely that this week the market will challenge highs that were set in late May.