I Refuse to Post a Cliche Headline

Well, I guess the story of the day is the Dow and its pretty number.  Uh oh, here comes all the prognosticators!  Anyway, I don’t have time to analyze the big number.  I have tax deadlines due tomorrow for all my procrastinator clients (that’s two big “p” words already!). 

Anyway, the only thing we should keep in mind is that 10k is a psychological number.  It will bring about a ton of headlines, a ton of blog entries, a ton of “I told you so” claims and posts.  It’s just a technical number.  Volume was a yawner, so this is all still part of the bigger picture- a market that got way oversold, and now is way over-corrected.  Here’s some more Dow headlines.  So far I got…

Dow Passes 10,000 for 1st Time in a Year– AP   from Yahoo.com

Dow Breaks 10,000: Don’t Get Caught Up in “Euphoria”, Mish Warns– Tech Ticker

Dow 10,000: What’s Coming Next?   – from Fool.com

The Last Dow 10,000: How the World Has Changed  – CNBC

Other:
– PPT Screener (for buys): General Maritime Corporation [[GMR]] Bank of America Corporation [[BAC]] Duke Realty Corporation [[DRE]] Aqua America, Inc. [[WTR]] Potash Corp./Saskatchewan (USA) [[POT]] IntercontinentalExchange, Inc. [[ICE]] Maguire Properties, Inc. [[MPG]] Jackson Hewitt Tax Service Inc. [[JTX]] Pacer International, Inc. [[PACR]]

PPT Hybrid Score for all stocks: 2.94 which means we have still room for rally to continue.