Close, But No Cigar

The Dow closed today at 11689.24, just two points shy of its all-time high. A report showing solid sales of newly-built houses eased concerns about a cooling housing market, and upbeat investors jumped on the opportunity. I'm with Larry Peruzzi at Boston Company Asset Management, "I think this gets us in a position where in the next two days we could actually make a new high." General Motors and Nissan-Renault decided to continue talks about a possible alliance that would be worldwide. Their decision was announced this morning at the Paris car show, where another announcement was made by the CEO of Ford. He said he's more interested in fixing his business. Give that guy a cookie. DJIA: +19.85 Nasdaq: +2.05 S&P 500: +0.25