The bulls are cheering. It looks like the Dow will rise for three days in a row, making investors and traders hope for a real rally. The markets closed at a respectable $239.66 pop, I'm sure Larry Kudlow is on cloud nine now.
It'd be great if things are finally turning around. But for now it just looks like we got three days of good news reports. As long as Wall Street is taking cues from the day's headlines, we will keep seeing volatility.
The real test will be when bad news comes out. If Wall Street shrugs it off and keeps moving up, I will have more confidence that the rally is for real.