May 12, 2007
Week #19 (2007-05-12) in Review (FINAL)
Another scare this week, but by the close on Friday the market Bulls were having yet another “Viagra Moment” as one of my readers calls it.
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Posted by Bill Cara on May 12, 2007 10:40:07 AM
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May 11, 2007
Cara’s Daily Board, Fri., May 11, 2007, 8:21 AM
On Thursday, the DJIA (-147.74 -1.11 pct) and NASDAQ Composite (-42.6 -1.65 pct) plummeted from Wednesday’s all-time, multi-year records. The Dow Transports (DJTA -1.8 pct) and Dow Utilities (-1.4 pct) were also crashing, but as KNOBIAS reports, “paint a slightly different picture, each having turned lower from a 2-week-old plateau that now has the look of a short term double top.”
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Posted by Bill Cara on May 11, 2007 08:21:51 AM
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May 10, 2007
Cara’s Daily Board, Thurs., May 10, 2007, 8:10 AM
The US equity market continues to prove the notion that money can buy everything. With the DJIA (+53.8 +0.40 pct) setting yet another record high and the NASDAQ Composite also gaining (+4.6 +0.18 pct) on Wednesday, I continue to stay cautious.
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Posted by Bill Cara on May 10, 2007 08:10:35 AM
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