Friday, October 16, 2009

Dow 10 000



The Dow hit 10000 but quickly bounce . However,With the many earnings report to come will the DOW settle at 9500 or go higher? Many investors are hoping the Dow don't start heading in the wrong direction. This market can change on a dime. However,that is the nature of the financial market. The financials have not yet cleared all the hurdles yet to clear, which is what the DOW needs to move higher. Have you ever watch the 110 meters hurdle race in the Olympics and the favorite fail to win because hitting too many hurdles. Well for the market there are quite a bit of hurdlers yet to clear, like inflation fears.

I am now hearing DOW 11000 shout in the back ground. However,look out for Wells Fargo earnings that stock will tell the future . Investors are trying to push up a sick market knowing quite well if he falls the patient will be hurting even more.

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