Dow Advances without Word from Europe

Although the long awaited news about the potential fix for the European debt crisis never came while U.S. equity markets were open, there was plenty of positive news both here and abroad to keep stock traders going.  Talk about the Chinese willingness to purchase any new fixed securities eminating from Europe was a major boost to stocks.  Bond traders moaned and agonized about the prospect of more competition.  Boeing had better than expected earnings and new home sales rose 6%.  The gained 162 points on the news.