Markets up in last hour of trade 10.17.2008

The market is actually not as exciting with market zig zags like it was yesterday. It has been up and down but not as ofter. Right now the markets are all in positive territory in the last hour of trade.

Dow	9,056.28	+77.02	(0.86%)
Nasdaq	1,738.54	+20.83	(1.21%)
S&P 500	963.87	+17.44	(1.84%)

I originally thought it would be a down day for the DOW and a substantially up day for Nasdaq because of the positive news on Google and IBM. I think maybe the recession news kept everything in a range. However, in the last hour the past few weeks, there has usually been an explosion in momentum in either direction. Let’s see what happens.