The gentle steady rally action continues…

The gentle steady rally action continues its recent trend this morning. We’ve got a nice rally in Cisco again this morning. It was up 4% earlier. The question will be what happens the rest of the day – yesterday it faded and barely closed up on the day. Cisco’s CEO John Chambers sent a letter to employees this morning talking about what the company needs to do better to win back support from Wall Street. I’m headed over to the Wall Street Journal / MarketWatch headquarters and then on back to New Mexico. So, yes, it will one more day of sparse trading and writing…its real life.