For the past few months, the media has been watching the Dow Jones Industrial Average the way a hypochondriac checks his thermometer. And the higher the Dow's temperature goes, the more we need to sweat.
Stocks and gold are crowded markets and there is a risk that everybody will want to exit at the same time, Hugh Hendry, chief investment officer at Eclectica, told CNBC Friday.
Dow 10,000 may sound impressive, but look back just two years, and the index of the 30 biggest US shares was sitting comfortably above 14,000.
With the Dow back to the same level, it’s time to reassess. What should investors do now?
The technicians may tell you ignore Dow 10,000, but if we can’t hold this level, the aftermath may be much worse than you think!
While the Dow’s financial stocks have been by far the best performing stocks since that low, other industrial and tech stocks have actually been the primary source of the Dow’s move higher.
The news was deservedly dominated by Tuesday's better than expected Intel report and then by the superb earnings announcement from J.P. Morgan. Jamie Dimon knows how to run a financial company. But as good as the earnings news is shaping up to be, at least in these early stages, the area that produces over 60% of jobs in America is still struggling.
I woke up in Milwaukee this morning to see Maria Bartiromo on Morning Joe challenging Michael Moore on the subject of capitalism. Go Maria!! I had to laugh out loud listening to Mr. Moore freaking out about the top 1% of the population owning 99% of the wealth in the country.
Yesterday, the Dow closed over 10,000 for the first time in over a year and now, the futures are pointing to a pull back below the 10K marker this morning. While it is a psychological threshold, especially after the fall from the 2007 highs, the index has crossed the marker a number of times before in its past.
Dow is up but the dollar is tumbling. Time to look at global indexes?
While cheers could be heard on the floor of the New York Exchange when the Dow broke the 10,000 mark on Wednesday, Bill Smith, CEO and president at SAM Advisors, said the move did not have much significance.
Plus, Cramer makes the call on dividend-paying plays, defensive names, natural gas and more.
You can’t believe a word they say.
Is Dow 10,000 a signal to individual investors that the water is fine? Is Main Street about to dive into this market?
The Dow crossed above 10,000 today for the first time in over a year. The first time the Dow crossed the 5-digit market was back in March 1999. See how the who's who in market cap leaders has changed since then.
Now that the Dow has touched five figures again, investors can start focusing on the next benchmark.
Think this is the start of the new major bull market for the next generation? History suggests it's not.
Following my post earlier this week on the highest yielding stocks in the Dow, here is a deeper look at the dividends of the S&P 500.
Rail and intermodal company, CSX is scheduled to report after the bell today. While it has beaten EPS expectations 3 of the past 4 quarters, it has missed revenue expectations in the past three quarters according to First Call data. Before then, it beat revenue targets for 5 straight quarters.
That is Cramer’s mission after the depression and recession we suffered over the past year.