 RE:Pick The Dow
BG,
Well done. It was actually good to see the Dow have a good day.
A less than expected Durable Goods number has sent futures slightly lower.
Perhaps some profit taking today.
Going with Down on Hump day.
Oil prices may pull back slightly, but US refinery bottlenecks and geopolitical uncertainty
should provide support.
US dollar appears to be bottoming out and entering a Bear market rally.
CRB up 90% since late 2001
Nasdaq tech sector will have increasing difficult time keeping pace with earnings
expectations.
EPS for 2004
1st Q......68%
2nd Q.....56%
3rd Q......36%
4th Q......22%
For 2005
19%
good luck today,
baz
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