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Thanks to Intel’s (INTC) impressive earnings report, the market is up again today. As a rule, Octobers following presidential elections don’t have a great history for Wall Street, but this October is defying expectations.

The S&P 500 is currently up to 1083 which is about 60% above the March 9 closing low. I’ve been amazed that there are folks who have dismissed this rally from the get-go. Why aren’t they groveling to Jon Stewart? Where’s the public anger at them?

As impressive as this rally has been, we’re still a long way from where the market was. Going back to the beginning of 2008, the S&P 500 is still down by about 25%.

Posted by edelfenbein at October 14, 2009 10:45 AM