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12,000 Mark – World Is Watching !!



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Oct 14 2006
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with the dow only a breath away from the 12,000 mark, investors in the coming week will be counting on a flood of earnings reports and economic data to provide the “stamina” to get the dow going …
last week, the dow continued its record-setting pace and rose 110 points, or 0.9%, to 11,960.51 … the S&P 500 gained 16 points, or 1.2%, for the week, and the nasdaq jumped 57 points, or 2.5%.
the earnings excitement begins on monday with quarterly reports from commerce bancorp (CBH), charles schwab (SCHW) and mattel (MAT), amongst the main focus … hey, i’ve position in MAT and PPDI (filled yesterday) … i predict both would beat the earning and gap-up again (as per my blog yesterday) … in fact i’m watching sonic (SONC) as well …

but i think all the eye-balls will be on google (GOOG) when it reports after the bell next thursday …
investor optimism surged in September to 74, its highest level in five months, according to the UBS/Gallup Index of Investor Optimism … the 21 point surge in optimism can be attributed to the sharp drop in investor concerns about energy prices …
with such optimism, i believe the bull will appreciate our moral support and charge towards 12,000 mark … go, go, go …


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