Market Snapshot: U.S. stocks gain on data, earnings, M&A deals - Telecommunications - Fiber Optics - Markets/Exchanges - Market News

Valero has done extremely well in recent years because it can refine "heavy sour" crude whereas most refiners stay busy in high demand years and low demand years by refining "light sweet" crudes. No one know how long the price will remain high enough to allow VLO to run at maximum capacity. Obviously the company has confidence in that it just paid a good price for Pimco.

The big story is that mergers are still a foot. Investor should buy stocks before they are bought by competitors or buy the companies themselves. Excess shares are being soaked up. This process basically keeps a floor under the price of stocks until the day comes when there is a bidding war for the remaining shares. We should see a four year bull market when the bidding war starts. Today is another strong day for the market. This could be the start of something big.