Wall Street ends week on winning streak

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Investors are dancing naked in the streets as the 5 day stock market winning streak continued. People can’t believe their good fortune as stocks stayed strong in the face of mixed political and economic news.

Tech stocks were all over the place, with Dell doing bad:

After kicking off a busy week with a four-day rally, stocks initially looked tired Friday, as disappointing news from Dell (DELL 22.16 -0.64), a rate hike in China and a rebound in oil looked to provide a recipe for consolidation.

Chips did well and so did Microsoft and Oil was way up. People are betting on the old reliable industries they know and love as they becomed cheered up by developments. How quickly pessimism could return to the market is anyone’s guess, but the nice ending to Friday and the strong week means we could very well expect more of the same next week.

Traders are heading back to their work full time and volume appears to be heating up.

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