"Tomorrow is the last day of the quarter (and of the fiscal year for some), it wouldn't shock me to see a pull-back of a couple hundred points between today and tomorrow as traders try to lock in profits. Don't get me wrong, I still think we are going to see the Dow in record territory, but it will probably be a few weeks away."
George $oreA$$ and his anti American hedge fund gnomes will invest a lot of hedge monies to keep the Dow below 12,000 before the November Elections. They will try to prime the oil futures market as well.
Left wing mutual fund managers will help to keep the Dow below 12,000.
If we maintain our control of Congress, the Dow should be past 12,000 before the end of the year. It will pull the other indexes with it.
One way we can help counter the fortunes of $oreA$$, Burkle and other left wing billionaires is to buy some DIA, the ETF fund for the Dow. I will be doing that on the next short term dip. Which will probably come next week after this quarter ends.
I have some money that I need to put somewhere by the end of the year, I will probably put about half of it in the market next week and the rest after Election Day.
I half a feeling that Soreass may have lost a ton of money lately on the drop in oil prices. I always thought it was funny that nobody in the media EVER suggested that there was a "bubble" in oil and fuel prices and that it was just as likely to burst as any other bubble.
Time Warner slides; Mobile ESPN to shut down
CHICAGO (MarketWatch) -- Time Warner shares were lower following a downgrade Thursday on a day that saw most media and entertainment shares decline in step with a weak broader market.