Big day for stocks

Almost all of Friday's losses were erased as Wall Street chose to believe that the economic glass was half full instead of half empty. The Dow was up 143 points, to close at 11,151. The S&P 500 index reclaimed the key 1200 level, to 1202.26. From the WSJ:

"It appears that the Greek bailout situation is a positive, but it seems to me that the market wakes up in the morning poised to go up, barring anything to the contrary, so a little bit of good news goes a long way," said Julius Ridgway, investment advisor at Medley & Brown.