Bull Run

Another day, another gain for the Dow.

Semiconductors, homebuilding, mortgage investment, defense, railroads, gaming and airlines were the hot spots in today's trade. The bulls really have to be like what they saw from both the financials (see JPM) and chip sectors (see INTC). These two groups are Wall Street's favorite go-to areas and when they rally hard, you know the bullish spirits are dancing.

At this point even the raging bulls are now thinking they should have been more bullish and that is saying something.