Stock Market Today Moving Up Again

Stock Market Today - US Futures Higher - Europe Higher

European markets are all up around 1% and the U.S. futures look set for a higher open on Wall Street. Yesterday the US markets continued their rise and the S&P 500 entered positive territory for 2010. Greece would appeared to be making progress toward a resolution - but that can all change of course.

With earnings season over it is apparently the European situation that will be they key -said Andre Bakhos, president of Princeton Financial Group. Why on earth Europe should be key is a mystery as it is generally the US markets that lead Europe around by the nose.

Monday's gains on the US markets put the S&P 500 and the Nasdaq into positive territory for 2010.

The Pound lost further ground against the dollar as it seems the British really love Gordon Brown after all - he has such a winning smile afer all - the pound is trading at 1.496 against the dollar right now - down from 1.65 just a few weeks ago,which is good news for anyone making money online from Google and Adsense or even those selling stuff on Amazon.

Warren Buffett was on CNBC yesterday - he was fairly bullish on the markets, saying the economy was recovering slowly and that the worst was behind us - he also advised anyone starting out investing in the stock market today after the recent stock market crash to read The Intellgient Investor chapters 8 and 20.

Anyone interested in stock trading would do well to heed the advice of Warren Buffett, particularly people just starting out. He buys companies that make money at a good price and then hangs onto them for a very long time - as he says "the stock market is a menas for transferring money from the impatient to the patient". That does require of course that you understand something about company accounts, although you can jus follow what Warren Buffet does and do the same - see Warren Buffett stocks

WIth regard to the short-term Art Cashin says we need to get above 1120 onthe S&P for the rally to resume .