Good Morning everyone. Well it's been a few days, since my last post. Wow! The market keeps going up and up and I am not seeing anything to suggest that it is going to pullback in any major way. Although, I am still predicating a pull-back since last week.
However, its just a few sectors such as technology, health care and a recovering financial sector that are really powering the DJIN and the major indexes. In addition, the DJIN Index is not bogged down anymore by two money losing companies- GM and Citigroup; both were removed from the DJIN Index earlier this year and replaced by Cisco, the largest maker of computer-networking equipment and Travelers, the second biggest commercial insurer. The DOW is now very buoyant and light. Of course there are other reasons why the DOW is rising but we will leave that to another future post. In the meanwhile, tread carefully.
8/04/2009 9:52 AM
However, its just a few sectors such as technology, health care and a recovering financial sector that are really powering the DJIN and the major indexes. In addition, the DJIN Index is not bogged down anymore by two money losing companies- GM and Citigroup; both were removed from the DJIN Index earlier this year and replaced by Cisco, the largest maker of computer-networking equipment and Travelers, the second biggest commercial insurer. The DOW is now very buoyant and light. Of course there are other reasons why the DOW is rising but we will leave that to another future post. In the meanwhile, tread carefully.
8/04/2009 9:52 AM
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