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This market keeps climbing an immense wall of worry.

That's one reason the rally won't quit,

even if we occasionally get some sedate days like today.

Dal advance 55 points at the S&B to climb decline 0% percent, NASDAQ did 0.22%.

I bring up the wall of worry because we have a huge number of strategies who came out this

very morning offering all sorts of mumbo-jumbo about what the company's

the SSP 500 could earn in the aggregate and what we should pay for those aggregate earnings.

Hey, good exercise, but to take a top-down approach based on the macro, while I prefer to focus

on individual companies. It is mad money. We like companies, we like stocks. For example,

perhaps the most ferocious break in the wall worry is the bond market.

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