Pending new information, stocks set for strong day on Tuesday

There is no Labor Day in the rest of the world.  Markets were open and active.  The response to Obama's pullback on Syria from doing something too late and too predictable may be a big part of this.

Today the DAX, the German market exchange, was up 1.7%.  If there is any good proxy in the world for the U.S. market, this is it.  The Euro Stoxx 50, large caps in Europe, was up 1.9%, and the FTSE in Britain was up 1.5%.  Add to that Asia, with the Nikkei up 1.4%, the Hang Seng up 2%, and the ASX up 1%.

On top of that, or part of it, was the Verizon/Vodaphone deal that tantalizes investors about heightened merger and acquisition activity.  Then too after many tries, 64 year old Diana Nyad became the first swimmer to go from Cuba to Florida, 103 miles, without protection from sharks.  Amazing.

Tomorrow's markets will reflect many factors.  At this point, the wind it is behind our backs.  Whether it stays that way tonight is a bet that retail investors have no way to make.  We'll just wait and see.