MARKETS & TRADING

[Not_Bill_Oneil]

Rally Mode...

Rally Mode, Rally Mode.

The Fortune 500 list is out - as well as data like record profits of $785 Billion. A 29% increase from a year ago. I like this headline "A Profit Gusher of Epic Proportions".

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A profit gusher of epic proportions
America's largest corporations generated record earnings in 2006, thanks to a happy confluence of circumstances. How much longer can the outpouring last?
By Shawn Tully, Fortune editor-at-large
April 15 2007: 10:00 PM EDT


(Fortune Magazine) -- The notion of the little guy striking it rich - finding gold at Sutter's Mill, discovering oil at Spindletop, or cashing in on a dot-com IPO in Silicon Valley - runs deep in American lore. But something even more historic transpired in 2006: A massive swath of the established economy - also known as the Fortune 500 - collectively generated unprecedented earnings.

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Read all about it, and then determine if you should be in this market. I know I am.

GL & GT.

Disclosure: I'll be selling a little bit of my full truck of some of my favorites today and tomorrow into this strength, but, will reload soon on some dips.