Took Long Enough

FINALLY! We saw the Dow touch 10,000 today. Now what? We'll see. I've had 10,000 as the goal. Now will we hold above it for a time in order to get everyone sucked back in that's been holding back? Or will we simply say "thanks... see ya" as we head back down.

Third quarter earnings are off to a good start and some more of the big boys report the rest of the week. Still a lot of smoke and mirrors going on. Q2 was all about cost cutting and Q3 is all about the weak dollar which helps multi-national companies.

The big question is, are consumers really spending again? What do you think? I don't see it, but what do I know. Seems to me that everyone is scared to death of losing their job so they're paying down debt and hoarding cash. With the real unemployment percentage hovering around 20% it's very ugly out there.

See what the rest of October has in store for us.