This is not a broad-based rally, which would be a sign of a healthy market. Financials are up and most everything else is down.
I'm with Deej -- Don't chase it!
I've alerted CAPs tech support to this, but I thought folks should be aware. There is a massive problem with the S&P 500 pricing in the Caps system today. For instance, I made a bunch of picks this morning, when the S&P500 was obviously lower and yet the system shows the S&P500 down as much as 7% today. If they manage to sort this out, look for big changes in your score.
What's that giant sucking sound? [more]
Insiders are restricted from selling stock until after earnings are announced. If they know that business is falling off a cliff, they will be selling as soon as they're legally able. If there is a lot of selling by insiders in late October, that will be a very ominous sign. Pay extra attention to the insiders at the small banks whose stock prices have been supported by the short ban and forced short covering by hedge funds. [more]