seems the nasdaq is still running on 2 stocks GOOGLE and APPLE I have no clue how high and how far these 2 stocks can run, but you have to understand that the impressive gains are coming from 2 stocks in the NDX 100. Eventually they do get tired. :eek: :eek:
Not sure what information you base your statement on but I tend to stick with the facts: Third-quarter growth remains strong thus far and has held above double digits for the past week. The median company has reported growth of 11.1%. The surprise ratio is at 2.73:1 and the median surprise is just under 3%. At last report, these three metrics stood at 11.8%, 2.68:1, and 3% respectively. Every sector currently boasts more positive surprises than negatives and the surprise ratio has continued its steady rise over the past week. From Zacks.com http://www.zacks.com/newsroom/commentary/?id=6247&ref=ZFEED5
Um but the Dow and Spooz were also up a lot today. RIMM, CISCO, INTEL, DELL, and many other high tech big caps are also moving the markets higher. This is a repeat of the 1998-2000 rally but without the big selloff or the super high PE ratios or the unprifitable business models. We're in a second tech boom. There is no denying that.
if i can make that horrendous call every am and make 80 YM points... color me stupid and im makin another one tomorrow!
If we are talking about facts: http://www2.standardandpoors.com/spf/xls/index/SP500EPSEST.XLS Zacks uses median earnings when they should use weighted because s&p is weighted index.
OMG! Is this BlueStreak? Please tell us that is you!!! WE ARE GOING TO BE RICH!!!! Just kidding. Good trading to all.