Major news for the day includes Treasurer Wayne Swan knocking the Singapore and ASX merger on the head after considering advice from the Foreign Investment Review Board. The deal was deemed to be not in the national interest. This did not faze our market as it pushed higher still. The All Ordinaries has pushed through the 5000 mark and the XJO is just sixty points away from doing the same. Our market gained ground from the outset, faded in early afternoon and picked up the pace in the last hour of trade to close virtually on its highs. The XJO closed 32.5 points or 0.7% higher as this formidable rally continues. The Australian dollar has also had a solid day and is currently at 1.0531 which is more new ground against the Greenback. US futures markets are up in night trading at time of writing, the S&P futures up just over 5 points. A positive end to our trading week for the third in a row.