Posts Tagged ‘consensus estimates’

“False Positives”

The markets are still bullish almost 8 months after the March 9th bottom. The Dow closed above 10,000 on October 14th and the bulls have been fighting to stay above it since then. But it has been trending below the ten thousand mark for the last 24 or so days.

The hopes were that earnings for the quarter being reported would be decent. This would give the bulls the ammunition to push the Dow and S&P still higher, well above the 10,000 mark.

So, where is the market going?

Read the rest of this entry »

Tags: , , , , , , , ,
Posted in Economy, Markets, Uncategorized, Wall Street | Comments Off