NASDAQ once again floating above the psychological 2,500 level but can it stay aloft?

NASDAQ finally managed to break out above the psychological 2,500 level again, closing at 2,536.29 on Friday after five consecutive daily closes above 2,500, but it remains to be seen whether it can stay above that level "permanently." I think it might this time, but I don't have much of a say in the matter.

Actually, I do have just as much say as anybody else, and I am a net investor in stocks and will be for the next five years. The "problem" is that there are far too many short-term market timers who seek to profit from short-term market volatility rather than buying or selling based on sound economic and business fundamentals.

-- Jack Krupansky