Durable goods data ex-aircraft was up 2%. I believe we are stealing investment from 2011 to escape tax consequences of expiring cuts and new legislation by fed and states. Companies are scared of D.C. and the states are so strapped they have to tax higher. If the data indicates stealing from next year there will be selling after the data rush wears off.
Tuesday's high is the orthodox high for the bull move from the August lows.