A Good Start to the Week

If anyone is actually reading this and would be interested in discussing points of view I'd really appreciate it. Email me. The articles I posted below saying Nasdaq 1108 and Dow 5000 have me REALLY wondering and thinking.

Stock futures are up overnight signalling a good start to the trading day. It's only 6am, but it's a good sign. I'll be in the air on the way to DFW when the market opens and I look forward to seeing how things actually start and if any rally can hold.

Here's an interesting article I read this morning. A paradigm shift for the average American.

http://www.bloomberg.com/apps/news?pid=20601109&sid=axsUMrc.liiE&refer=home

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Just arrived in Ft. Worth. Saw these 3 articles and had to share... Nasdaq 1108??? Dow 5000? And the other link is one of an analyst I follow any time he posts.

http://www.cnbc.com/id/27275912

http://www.cnbc.com/id/27277635

http://www.garyk.com/

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The day ended on a high note, quite impressive almost 5% up. However, let me put a damper on it though with the fact that overall volume was unimpressive. Average at best. That means there wasn't a mad rush to get back in by the big boys.

Then, after the close were some sizable company quarterly earnings. On the good news was American Express. It beat lowered expectations and jumped 6% after the bell. The damper on that is that AmEx was at it's 52 week low last week. On the bad news, Texas Instrumemts missed it's lowered expectation and says the 4th quarter looks rough.

Bottom line, the rally today was a relief rally and wasn't based on any fundamentals. I wish I'd kept that last 25% I had in for an extra couple of days, but oh well. I'll wait for another opportunity which I think will come soon.

I'm not saying rallies won't continue, I just think they won't stick and we'll backslide as more earnings come out and forward projections look weak.

There's a lot going on out there and you never know what will cause a spike or a plummet. If the market can move up on the bad earnings news tonight and whatever may show up in the morning, that may show that a bottom of some sort is in.