eBay reported better than expected numbers after the bell. What a surprise.
Stocks had an upward drift today, in a dull market trade.
The VIX shows the markets are once again complacent.
I would expect them to stay on a generally rosy trajectory until the Alibaba IPO can be spurted out in early August. The Street has a lot of vested interest in what may be one of the largest bell-ringing IPOs in history.
Have a pleasant evening.
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