HAPPY NEW YEAR!

It's the beginning of another stock trading year. While the calendar reads the 3rd of January, for stocks, it's day one. And what a day it was! After a tepid December, stocks took off on the first day of 2006. NASDAQ added 1.74%, while the Dow tacked on 1.21% for the day. What's the excitement about? The Fed indicated it may not raise rates again for some time. Notes from their December meeting show an inclination to leave things alone for now. Investors cheered this news. Dow +129.91 NASDAQ +38.42 S&P 500 +20.51