Tuesday Bounce

The markets are bouncing higher this morning, with the Dow being up over 78 points and NASDAQ up over 13. What's happening? Oil prices are lower, and that always helps stocks. Also, long-term interest rates have dipped lower. Check out www.bankrate.com for the latest averages. Mr. Greenspan says this dip may not signal tougher times ahead but may be due to globalization. Lower interest rates tend to push stocks higher, but they can also mean lower demand for credit, signalling a business slowdown. I don't buy the slowdown argument, based on the activity in my little town. It's all systems go around here.