Stocks erase entire point loss from last week

The S&P 500 closed at 1,204 today, or 4 points above the close of Friday August 5th.  This means that despite all of the volatility that we experienced last week and all of the panic selling that took place, we are actually up from August 5th's close.  You have to feel sorry for those who panicked and sold at the lows last week.  Hopefully stocks will continue to rebound.  We have more news coming on the earnings front this week, as well as some economic data.  It's only Monday!