Investing - Stocks going Up: According to a Russell Investment strategis, it's not just one or two things working and everything else not working, it's an all cap, all style, broad market rally.

Despite dark clouds such as a slowing housing market, turmoil in the Middle East and swelling deficits, most everything seems to going up, up, up.

Here are recent noteables:

Blue chips. The Dow Jones industrials, arguably the USA's best-known stock index, rallied 26 points Friday to 11,280. That's more than a 4? year high, but is less than 75 points shy of a six-year high and 443 points away from its all-time high of 11,722.98 hit on Jan. 14, 2000.

Small stocks. The Russell 2000 index notched another record high Friday and is up almost 11% for the year, despite naysayers who said small-caps' five-year run of better performance compared with large-company stocks would likely end this year.

Big stocks. America's biggest companies, such as General Electric and Microsoft, are suddenly coming to life after stagnating for years. That has helped the S&P 500 climb to its highest level since May 2001.

All stocks. The New York Stock Exchange composite, which tracks more than 2,000 stocks, is at a record.

The latest rally has been fueled, in part, by a growing belief that stocks offer a better value than bonds and real estate, says Ted Parrish, co-manager of Henssler Equity fund.

The Standard & Poor's 500 index is trading at 15 times estimated 2006 earnings, says Thomson Financial, roughly half the price-to-earnings ratio at the peak of the stock bubble in March 2000. Corporate America has also been posting powerful earnings and is on track for double-digit profit growth this quarter.

Adding to investor optimism was a report released Thursday that showed inflation was behaving far better than investors had feared. That raised hopes that the Federal Reserve would soon be ending its string of interest-rate increases.

Despite the bullish sentiment, Richard Moroney, editor of Dow Theory Forecasts, says a "5% to 10% correction can come at any time."

But Moroney adds: "If the Dow could get to an all-time high, that would get people's attention."

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