Posted on 07/14/2005 1:34:11 PM PDT by Grampa Dave
4:04pm 07/14/05
Stocks end higher; Nasdaq at new 2005 high ($SPX, $COMPQ, $INDU) By Mark Cotton NEW YORK (MarketWatch) --
U.S. stocks ended higher Thursday as positive data, a steep fall in the price of oil and a strong earnings report from Apple Computer lifted the Nasdaq to a 2005 high and the S&P 500 to its best level in four years.
The Dow Jones Industrial Average ($INDU) was up 72 points at an unofficial close of 10,629, its best level in four months.
The Nasdaq Composite ($COMPQ) was up 8.78 points at 2,152.89, closing just above its previous high for the year of 2,152.15 reached on January 3.
The S&P 500 ($SPX) rose 3.21 points to 1,226.50. Both the Nasdaq and the S&P have now risen six sessions in a row.
It's Bush's fault.
More Bad news in our terrible economy.
It is Rove, Cheney, Rummy, Haliburton and Bush's fault.
More gloom and doom heads our way.
Please alert Willie Green...
Clearly, this is a Rovian plot. /s
The democrats are deeply saddened. They're probably giving away cigarettes right now to get the homeless people to stand in line at the soup kitchens for their NYT photo-ops.
Russell 2000 Small Cap Index, which has led this whole rally, was DOWN today. What do you make of that???
Profit taking...simple.
Out here in California, except in GaY Frisco, the mediots have to work hard to find someone who is unemployed, wants to work and has some basic skills.
However your plan for the mediots might work:
"They're probably giving away cigarettes right now to get the homeless people to stand in line at the soup kitchens for their NYT photo-ops."
Holy carp, MSFT is up near $26 a share. Woo hoo!
Small Cap leads you out of a Bear Market. Post 9/11 Small Cap Value (1st) and Small Cap Growth have been leading the way since 2002. It may be a rotation out of these sectors to either Mid-Cap (which has been doing well) or Large Cap positions getting ready for another phase of the bull. I need to do some 1/4ly reseach (june 1st) vs. where we are at today and the various sectors.
Small cap leads in and out of a cyclical bull market. I believe it it still leading, but indicating a return to the secular bear market.
Probably profit taking..
Wednesday had a similiar pattern.
I have sold some of my mutual funds which concentrate on that market and have bought some core funds which go into the bigger companies.
Yes, investigate Karl Rove for this terrible economy.
BUSH'S FAULT!!!!!!!!!!! Will this change the lib's from saying "Worst. President. Ever." < \ sarcasm >
(Sniffle)....shame...... (sob).
You are correct Sir, Both lead in and out, Brinker called it in 2001 and I saw the tech stocks drive the QQQ and the Small Caps to the moon, I knew it was a warning sign then from specific schooling I was involved in.
But back to a Bear? Usually other sectors kick in as well. I don't know, but the yield curve has got my attention as well. Good Conversing with you!
"It may be a rotation out of these sectors to either Mid-Cap (which has been doing well) or Large Cap positions getting ready for another phase of the bull. I need to do some 1/4ly reseach (june 1st) vs. where we are at today and the various sectors."
I came to the same conclusion in the past week or so, and some our smaller cap funds which have been dead in the water this year were sold and we purchased a few with holding in the S&P 500 category. In one of my wife's iras, she now has more invested in the 500 and MDY than the smaller indexes and funds.
We have been out of the SPY and big caps since May of 2000. The mid and smaller cap funds/indexes have been very good for us the past 5 years. Like most things in the market, they may be heading for a cooling phase.
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