Plenty of bullish sentiment in stocks to push all indexes higher. The Dow is now striking distance from 11,000. Last time we were at this level was back in February. At the moment stars seems to be aligning. The inflation is low, energy prices are lower, Fed looks like it should stop raising rate soon, and companies are making money hand over fist. Maybe we could push over 11,000 this time. But then again, everything seem too good at the moment.

This entry was posted on Tuesday, November 22nd, 2005 at 5:37 am and is filed under Market Recap, Stock Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.