Adam is one of the co-creators of MindSay. He likes to blog and enjoys long walks on the beach.

the rally on wall street the last few weeks has been something to watch. The question now of course is if it will continue. Some stocks have probably gotten ahead of themself, most notably some of the biotechs, many of which have doubled in the past month on optimism from big new drug possibilities at Genentech and others. Some of the other biotech's that have run up will probably face a bit of a correction. But looking around, other than the big tech names with traditionally trade at a premium, most stocks still have a PEG (price / earnings growth) between 1-1.5, which usually means they are relatively fairly valued. So, if the news stays decent, the market should be able to at least sustain current levels in my opinion.