At Mid Day Markets Still Strong...Oil Still Weak

12:40 ET DJIA +186...SPX +12...Nasdaq +34...RUT +10...SOX +5...Oil -$5.18 At the Fed's annual retreat today in Jackson Hole, Wyoming, not so far from here, Bernacke shared with policymakers, economist and the rest of the world through the financial media the obvious...that the recent decline of commodity prices and the improved stability of the dollar are welcome trends and that if the trends don't reverse lower commodity prices and a stable dollar should lead to lower inflation later this year and next. And according to the financial media, that spurred markets higher. Is there anything in that message you didn't know a week or two or three ago? Do you think the economists and analysts at the big money institutions didn't know that three or four weeks ago? If they didn't, why did markets bottom on July 15, the exact same July 15 that oil dropped below $145 and started a 7-day descent to 125 on July 23? If they didn't, why did the DJIA rise from a low of 10,827 to a high of 11,698 in that exact same time period? Is it just possible that big money already knows that lower commodity prices and a stronger dollar is a good thing for stocks or do you really think they didn't know until Bernacke told them today? Whether you do think they knew or don't, enjoy today's rise and the current intermediate term up trend...we'll be back later with more insights and wrap on this week's market action... Friday's Mid-day Action Moving Up: AAPL, STRA, NIHD, MS, PCLN, IBM, AMZN, PNRA, CELG, FMCN, INFY, UAUA, DECK, LCC, NDAQ, BRCM, ANR, SINA, MA, BIDU, GS, FSLR, LEH, SOHU, MER Moving Down: X, BTU, MEE, POT, CNX, AEM, AGU, MOS, MON, FWLT, GDX, NUE, IPI, DRYS, BUCY, CF, MTL