Friday, 13 July 2007

US Markets Finish at Record Highs

Stock Market Investing - DOW at new High



Stock Market News



Markets hit records highs



DOW 13,907 Nasdaq 2707 S&P 1552

BobPisani

Historic highs - DOW tops 13,900 for the first time

Nasdaq at six and half year high

Commodity rally continues - liquidity still high - international growth -

Builders, industrials, energy, materials, sll strong

Lot of traders are still shorting the market - biggest net short position since March 04 - so still a lot of people who need to close their positions - we haven't heard the word capitulation metnione dyet but that's what they used to love to say while the market was falling from 2000 to 2003


Earnings next week with low expectations - so good for upside surprises

Merril upped price target on Exxon stock prices

80% of brokers expect DOW to finish year above 14,000



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