rss
email
twitter
facebook

Wednesday, October 14, 2009

Can the Euphoria Last? - 10.14.09 - Market Commentary


Good Afternoon all. Markets are flirting with psychologically important levels. The Dow is up over 100 points inter-day, closing in on 10,000. The SPX is already over 1085, proving a technical resistance break. The dollar remains weak against the Euro. Yet much of this rally can be attributed to JPM results. I undeniably see a financials led rally if we see strong earnings from the likes of C, BAC, and GS. Additionally INTC and JNJ posted solid earnings yesterday after the bell. However, this rally is in-line with my thesis. It is only a matter of time before we see a large correction.
Posted by at
Labels: , ,

1 comment:

  1. P_AmbrusOctober 14, 2009 at 5:29 PM

    I guess so considering the dow closed above 10,000 and the S&P above 1092

    ReplyDelete

Subscribe to: Post Comments (Atom)
 
Disclaimer
This Blog has been developed by Analyze Capital LLC, and as an independent organization we provide “AS IS” information without warranty. The ideas and opinions expressed by the contributers of this blog are personal and do not represent the actions or policies of Analyze Capital LLC. The contents of this blog do not intend to assert recommendations or to offer advice of any kind. We are not responsible the consequences, be they gains or losses, that may result from using any of the information from this blog.