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Markets Continue To Soar, How High Can It Go?

Once again, the stock markets are flying higher before the opening bell. The S&P 500 Index e-mini futures are trading higher by 14.00 points to 1212.00 per contract. The rally in the market comes as Google Inc (NASDAQ:GOOG) earnings were reported better than expected. This morning, GOOG stock is flying higher by 7.0 percent. Europe is also pledging a bigger rescue plan for the European banks. Holders of Greek debt are expected to take a 60.0 percent haircut. We can only wonder how this bailout will all play out over the next few months, is anything ever orderly in Europe? Traders and investors should continue to watch the U.S. Dollar Index closely as the major stock indexes continue to trade inverse to the dollar.  ...See full video