Tues, 10/4/11 4:36 PM – Stocks Reverse Course

Stocks went from down 2% at 3:15 PM to up 2% and better at the close. Small stocks were up 6%. Gold and bonds turned lower.

The only news was a report that European leaders agreed that they need to shore up European banks. Since banks are really the main worry there, that is good news. Whether stocks can continue to advance remains to be seen.

I will probably post the monthly newsletter tomorrow.