Thursday, Sept. 15, 2011 6:05 PM – Markets Higher

It was a good day to hold stocks and oil, not so much bonds or gold. The S&P 500 was up 1.7%, gold was down 1.6% and most bonds were down.

We’re still waiting to see what kind of bailout the Europeans will come up with. Meanwhile, economic numbers are lousy in the US. Unemployment claims are up, inflation is up and the economy shows every sign of being flat. Stock trading is almost entirely on charts and glimmers of hope on the Euro crisis.