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Forget 11,000, Dow Heading For 6000 And GE Still a Short, Charles Ortel Says Posted Nov 12, 2009 02:38pm EST Aaron Task in Investing Coming off its highs of 2009, the Dow is heading for its first down day of November, which is pretty much a non-event and arguably overdue. But there's plenty more down days ahead for the Dow, and big ones, according to Charles Ortel, managing partner of Newport Value Partners. When this current "hope-based" rally ends, Ortel believes the Dow will fall into the 5000-6000 range, based on the following: * Economic fundamentals: In addition to huge...

NEW YORK (CNNMoney.com) -- Stocks slumped Friday, in a broad-based selloff that was especially hard on the leaders of the most recent leg of the rally - banks, energy shares and transportation companies. The Dow Jones industrial average (INDU) lost 109 points, or 1.1%, according to early tallies. The S&P 500 (SPX) index lost 13 points or 1.2%. The Nasdaq composite (COMP) lost 10 points or 0.5%. Stocks had risen in the morning after upbeat results from Microsoft and Amazon.com and an encouraging reading on existing home sales. But the tone turned negative in the afternoon, as investors cashed out...

Dow Falls Below 10,000 As 'Sell The News' Prevails By Elizabeth Trotta 10/23/09 - 04:24 PM EDT NEW YORK (TheStreet) -- The Dow fell below 10,000, and the major averages retreated Friday, as better than expected data and earnings from Microsoft(MSFT Quote) and Amazon(AMZN Quote) did little for other stocks in a "sell the news" environment. The Dow Jones Industrial Average fell 109.13 points, or 1.1%, to 9,972.18, while the S&P 500 gave up 13.31 points, or 1.2%, to 1079.60. The Nasdaq edged down 10.82 points, or 0.5%, to 2154.47. Microsoft and Amazon shares were higher by 5.6% and 26.7%,...

Dow 10,000: Show Me The (Real) Money Tim Price October 18, 2009 And you thought you had broken even. If investors had bought gold when the Dow first closed above 10,000 in March 1999, they'd be up almost 280%. Put another way, Dow 10,000 a decade ago “cost” 36 ounces of gold, treating each Dow point as $1. When the Dow revisited that level Wednesday, it was worth only 9.276 ounces of gold. In oil terms, the Dow has gone from 609 barrels to 133. - The Wall Street Journal on "Dow 10,000." There were somewhat half-hearted celebrations last week...

The falling dollar, rising taxes, and an explosion of spending and debt make it hard for me to be a long-term bull. Dow Jones 10,000 arrived on Wall Street on Wednesday for the first time in a year. It’s a milestone of sorts, and it certainly represents a vote for investor confidence in economic recovery. Blowout profit reports from Intel and JPMorgan helped fuel the day’s 145-point gain. So did a retail sales report that, excluding Cash for Clunkers, was actually quite strong. Profits are the mother’s milk of stocks, business, and the economy. And top-line sales revenues now appear...

Why Dow 10,000 Is About As Meaningless As You’d Expect By Rocky Vega 10/15/09 Stockholm, Sweden – Now that Wall Street hearts are a-flutter with Dow 10,000, it’s worth taking a moment to figure out what the Dow Jones Industrial Average actually tells us about its components. The Dow is a share price-weighted average, meaning that when the index is figured out the companies with larger share prices carry more weight. This means that the companies currently with the largest share prices make up a greater portion of the Dow’s weight than other companies with a lower share price. These...

The Dow Jones Index Average (DJIA) closed above 10,000 yesterday. Unfortunately, hardly any American understands the reasons for the increase and bounce off the March lows. Most DJIA companies receive at least half of their revenues from abroad. Coca Cola (KO), McDonald's (MCD), Procter and Gamble (PG) have been expanding overseas for decades. Even Wal-Mart (WMT)--unfairly stereotyped as a rural, "red state" store--has been expanding aggressively in Mexico, the U.K., and the EU. Why are these international forays relevant? Over the past year, the American dollar has collapsed. The Canadian dollar, once the laughingstock of the world, is almost at...

NEW YORK (Dow Jones)--U.S. stocks rallied Wednesday, with the Dow Jones Industrial Average pushing above 10000 for the first time in a year on better-than-expected quarterly reports from Intel and JPMorgan Chase, and as improved retail sales data lifted Caterpillar and a wave of other industrials. Since hitting a 2009 closing low of 6547.05 March 9, the Dow has tacked on 53% in the past seven months. For Wednesday, the index closed up 144.80 points, or 1.47%, at 10015.86, marking its biggest one-day gain since Aug. 31. The measure hadn't traded at 10000 since Oct. 7, 2008, and hadn't closed...

Intel’s better-than-expected earnings on Tuesday will position the Dow Jones Industrial Average within striking distance of the psychologically important 10,000-point mark when the market opens Wednesday. Futures were also lifted by near stunning results from the banking conglomerate JPMorgan Chase & Co. (JPM: 45.75, n.a., n.a.%), who beat analysts' estimates by a wide margin. As of 7:20 a.m. in New York, the Dow Jones Industrial Average futures jumped 118 points, or 1.2%, to 9927, the S&P 500 futures were up 14.8 points to 1083.50 and the Nasdaq 100 futures were up 23.5 points to 1750.25. Shares of the chipmaker jumped...

Blue Chips Reclaim 10000 By DONNA KARDOS YESALAVICH The Dow Jones Industrial Average hit the 10,000 mark Wednesday afternoon, reaching the psychologically important level for the first time in more than a year, as strong earnings reports from Inteland J.P. Morgan Chaseboosted sentiment. The closely watched market measure last traded above 10,000 on Oct 7, 2008, and hasn't closed above that level since Oct 3, 2008. Its return to that level represents a big milestone in the stock market's huge climb back up over the past seven months from its March lows. As of Tuesday's close, the Dow was up...

I remember that just a year ago people on the Left were excited with the Dow’s fall because the “rich” on Wall St, “the wealthy,” were losing money. So… why are they now excited with the Dow’s 10,000? Furthermore, in late ’03, under President Bush, the Dow in a period of just a few months reclaimed 10,000 of its 7,600 low. I do not remember the left calling that a “recovering” economy, and in November ’06 when the Dow was at 12,000, the Left didn’t call it a “good” economy either.

How many times have we heard President Barack Obama or high-ranking members of his administration lament the fact that the president "inherited" a recession? Quite a few, if anyone is keeping track. Now the Dow Jones Industrial Average (DJIA) has broken through the 10,000-point barrier. But that begs the question given the inevitable credit Obama will get from the media and other supporters for this rally, should former President George W. Bush get some of the credit if Obama is so willing to blame him for the collapse? It's a question Neil Cavuto put to the test on his Oct....

The Dow Jones Industrial Average hit the 10,000 mark Wednesday afternoon, reaching the psychologically important level for the first time in more than a year, as strong earnings reports from Inteland J.P. Morgan Chaseboosted sentiment. The closely watched market measure last traded above 10,000 on Oct 7, 2008, and hasn't closed above that level since Oct 3, 2008.

Dow 10,000 - Springboard or Final Kiss Good Bye? By Simon Maierhofer On 11:32 am EDT, Friday October 9, 2009 What would you like to hear first, the good news or the bad news? Well, the good news is that we are approaching Dow 10,000. The bad news is that Dow 10,000 may be nothing more than a good selling opportunity. On March 9th, the Wall Street Journal ran an article titled 'Dow 5,000? There's A Case For It.' The Dow (DJI: ^DJI) bottomed that very day at 6,440, along with the S&P 500 (SNP: ^GSPC) and Nasdaq (Nasdaq: ^IXIC),...

For all the talk of another big drop coming, the pieces are in place for 3 years of 15% annual increases for the giants of the blue-chip index. It's been exactly a year since the government kicked a smoldering financial crisis into a roaring blaze by letting Lehman Brothers (LEHMQ, news, msgs) collapse. Observers this week are memorializing the mistake, but investors need to look forward -- and what they should see is that the government's later reaction to its error may have actually laid the groundwork for the greatest bull market of the decade. For while it seems unlikely...

Best July for the Dow industrials in 20 years July 31, 2009 NEW YORK - New hope for the economy just gave the stock market its best July in 20 years. Investors placed big bets over the last month that the profit machine at U.S. companies will continue to rev higher, and that the longest recession since World War II is finally easing its grip. If that turns out to be wrong, the huge gains of July means there will be an even bigger price to pay if companies don't deliver. The Dow surged 725 points, or 8.6 percent, for...

NEW YORK – Enthusiastic investors are buying up stocks again, sending the Dow Jones industrials above the 8,000 mark for the first time in nearly two months. All the major indexes are soaring more than 3.5 percent ... Financial stocks are leading the rally, following the relaxing of certain accounting rules that should help banks reduce losses. ... .. The Dow has not risen above 8,000 since Feb. 10.

Since this current bear market took sixteen months to materialize, I estimate that within one year from today, fifty percent off the losses will be recovered, which would put the DJIA at around 10,700. The following year, we'll probably see an additional 30-40% rally, which will push it above 14,000.

Last night on Fast Money, Guy Adami mentioned that "the PE is very compelling" for Hewlett Packard [HPQ 28.61 --- UNCH (0) ]. Many of the PE's for the Dow 30 are at historic lows and appear to be very compelling. As of yesterday's, close, the average PE for the 30 Dow components is under 10. Looking at other points over the decade, that average has been between 17 and 30 according to data from Thomson Reuters. When the markets begin to normalize, it is likely that stocks will move back toward their historical multiples, implying some significant gains.

WASHINGTON — When Republicans and Democrats in the nation's capital want to make a point about the economy, they often cite Mark Zandi. A middle-of-the-road economic forecaster who speaks in plain English, Zandi increasingly has become the economic oracle of record. The chief economist of Moody's Economy.com sat down Thursday with a small group of reporters and offered a sobering view of what he sees ahead for the U.S. and global economies. The short version: It could be a decade before the Dow reaches 12,000 points again, the economy will grow much more slowly than the Obama administration envisions and...

WASHINGTON — When Republicans and Democrats in the nation's capital want to make a point about the economy, they often cite Mark Zandi. A middle-of-the-road economic forecaster who speaks in plain English, Zandi increasingly has become the economic oracle of record. The chief economist of Moody's Economy.com sat down Thursday with a small group of reporters and offered a sobering view of what he sees ahead for the U.S. and global economies.

Dow 6,919 -144.24

WASHINGTON -- He called them "gathering clouds and raging storms," "icy currents" in a "winter of hardship." But as Barack Obama spoke to the country for the first time as president, the world beyond Washington was filling in details of the hardships that he alluded to in his inaugural address. Even as he finished the oath of office, the crisis in the financial services industry sent banking stocks plummeting, and the Dow Jones industrial average turned in its worst Inauguration Day performance in its century-plus history, losing 4 percent of its value.

Momentum?!

Buyers have steadily taken the stock market upward for almost the entire session. The major indices ran into a short bout of selling pressure after the opening bell, but stocks have managed to trend higher ever since. At its low, the stock market was down 0.4%. The tone remains upbeat, but the major indices seem to have stalled a bit. The Dow is working to break above the 9,000 mark and hold the gain, while the Nasdaq is fighting to hold gains above 1625. The S&P 500 is working its way over 930.

Dow in 350-point tumble Blue-chip indicator ends at a 21-month low as crude hits record high above $140 a barrel. Goldman Sachs' downgrades of investment banks, GM drag on markets. By Catherine Clifford, CNNMoney.com staff writer Last Updated: June 26, 2008: 5:48 PM EDT NEW YORK (CNNMoney.com) -- The Dow plummeted more than 350 points Thursday as selling accelerated following a record surge in oil prices. The three major indexes took a beating right out of the gate after Goldman Sachs downgraded two key Dow components, and two tech leaders disappointed investors. The Dow Jones industrial average (INDU) shed 358.41...

Dow Industrials Move Close To Wiping Out Year's Losses May 1, 2008 4:26 p.m. Investors bet heavily on consumers rather than commodities Thursday, spurring a heated stock rally that pushed the Dow Jones Industrial Average near break-even for the year. The Dow ended up 189.87 points, or 1.5%, at 13010.00, despite a 3.6% drop in component Exxon Mobil. The energy giant posted a 17% rise1 in first-quarter net income but missed analysts' expectations, as high crude-oil prices faced off against lower refining and chemical margins, lower production volumes and higher operating costs. The blue-chip average's year-to-date loss dwindled to 1.9%....

Richard Band is not someone who makes outlandish predictions just to get headlines. So I sat up and took notice earlier this week when he wrote to subscribers of his Profitable Investing newsletter that the stock market was ready to "rocket higher" in an "uptrend that could carry the blue chip indexes to all-time highs by late 2008 or early 2009. Dow 16,000 here we come!" The Hulbert Financial Digest (HFD) has been tracking Band's newsletter since the beginning of 1991. Over the subsequent 17 years, his recommended portfolio has been 35% less volatile than the overall stock market, as...

DESPITE THE BEAR STEARNS BAILOUT AND THE FED'S rate cut, a sense of foreboding is still abroad on Wall and Main Streets. Few investors feel good with an economic slowdown gathering force, the dollar in the dumps and contagion threatening to hit financial sectors previously unscathed or not even suspected of being at risk. This in mind, we contacted James Finucane, a 67-year-old stock strategist who now works as a consultant in West Lafayette, Ind., home of Purdue University... ...To him, we're now at yet another extraordinary low, especially with the unprecedented actions taken by the Fed of late to...

Wall Street Has 2nd Straight Rally on Rate Cut Hopes, Signs That Financials Are Finding Cash NEW YORK (AP) -- Wall Street barreled higher Wednesday for the second day in a row, propelling the Dow Jones industrials up more than 300 points after a Federal Reserve official hinted that the central bank may lower interest rates again. Investors' renewed hopes for a rate cut added to their relief that companies that made losing bets on subprime mortgages, such as Citigroup Inc. and Freddie Mac, are coming up with ways to raise cash. Early Wednesday, Fed Vice Chairman Donald Kohn told...

The Dow closed with its best two-day performance since 2002, as stocks urged more than 331 points on Wednesday on hopes of another interest rate cut. Today's Markets The Dow Jones Industrial Average gained 331.01 points, or 2.55% to 13289.45, the Standard & Poor’s 500 index picked up 40.79 points, or 2.86% to 1469.02 and the Nasdaq Composite Index rose 82.11, or 3.18%, to 2662.91. The consumer-friendly Fox 50 gained 27.15, or 2.62%, to 1062.18. The three major indexes closed more than 2% higher, building on Tuesday's 215 point rally on the Dow. This is the first time that stocks...

The Dow and S&P 500 jumped to close at records on Tuesday after minutes from the Federal Reserve's last meeting showed inflation expectations were contained, leaving open the question of whether another rate cut is near. The Dow Jones industrial average climbed 120.80 points, or 0.86 percent, to end at 14,164.53 -- a record. The Standard & Poor's 500 Index nded up 12.57 points, or 0.81 percent, at a record 1,565.15. The Nasdaq Composite Index finished up 16.54 points, or 0.59 percent, at 2,803.91. During the session, the Dow reached an intraday record high of 14,166.97 and the S&P hit...

By TIM PARADIS, AP Business Writer 2 hours, 2 minutes ago NEW YORK - Wall Street extended its steep decline Friday, propelling the Dow Jones industrials down more than 500 points over two days after investors gave in to mounting concerns that borrowing costs would climb for both companies and homeowners. It was the worst week for the Dow and the Standard & Poor's 500 index in five years. ADVERTISEMENT Investors cast aside a stronger-than-expected read on the economy and maintained negative sentiment that dominated Thursday when the market shuddered amid worries over the U.S. mortgage and corporate lending markets....

Wall Street extended its gains Friday, with the Standard & Poor's 500 index breaking through a trading high set in March 2000 and the Dow Jones industrials passing 13,900 for the first time.

The Dow logged its first gain of more than 200-points since July 19, 2006 and its best one-day performance since March 2003 in route to its latest record finish. The S&P 500 also closed at a new all-time high while the Nasdaq hit its best levels in 6 1/2 years. Another day of M&A, which included a blockbuster deal, kicked things off on a positive note as stocks rallied right out of the gate. A better than feared batch of monthly retail sales results was also an influential catalyst, sparking a relief rally that forced shorts sellers to run for...

Stocks Surge Following Retail Sales Reports; S&P and Dow Set New Record Closes NEW YORK (AP) -- Wall Street soared Thursday, propelling the Standard & Poor's 500 index and Dow Jones industrials to record highs as bright spots among generally sluggish retail sales allowed investors to toss aside concerns about the health of the economy. The rally, which included the Dow's biggest one-day gain in more than four years, was perhaps surprising given that there was no extraordinary announcement or other catalyst usually seen with such a huge gain, and that it came before most companies have announced their second-quarter...

U.S. stocks rally; major averages at 3-month closing highs By Last Update: 4:09 PM ET Sep 1, 2006 NEW YORK (MarketWatch) -- U.S. stocks closed with major averages all at their best levels in three months, following news that wage inflation was tamer than expected last month, while other data showed that consumers stayed optimistic and factory activity remained healthy. "I think this news is just what the Fed is looking for," said Jeff Kleintop, chief investment strategist at PNC Wealth Management. "The fact that wage inflation is heading down is a shot in the arm." The Dow Jones Industrial...

Dow industrials prelim close: 11,010, up 211 points

On January 14, 2000 the Dow Jones Industrial Average hit an all-time high at 11,722.98. This is happening as the President's Job Approval hits boo-hoo panic levels. These polls are a yawnfest of biblical proportions. As we stand on the edge of an all-time high on the Dow, do yourself a favor? Every time you hear a fake poll spewed or a disgustingly biased news item blasted over the airwaves, remember this. Since when is winning wars, a roaring economy and two SCOTUS nominees with a 30 year mark on the bench an all-time low? Is it an all-time low...

The Dow was up 55.23 today, closing at 11,639.77. Today's close was the second highest ever for the Dow. The previous highest close was 11,582.43 on 1/13/2000. Today's close was also within 85 points of the all time Dow closing high, which was 11,722.98 on 1/14/2000. CNBC reports that the stock market got a late afternoon boost from the approval of tax cut extensions on Capitol Hill.

NEW YORK (CNNMoney.com) - The Dow Jones industrial average surged to its highest level in more than six years Friday as a weaker-than-expected April jobs report fanned hopes that the Federal Reserve's interest-rate-hiking campaign can soon end. The Dow Jones industrial average (up 109.26 to 11,548.12, Charts) added 1 percent nearly 2-1/2 two hours into the session, adding to six-year highs hit Thursday and moving within 200 points of its all-time high of 11,722.98 hit on Jan. 14, 2000. Employers added a smaller-than-expected 138,000 jobs to their payrolls in April, versus Wall Street economists' forecasts for 200,000 new jobs to...

NEW YORK (FORTUNE) - The stories keep piling up. In many once-sizzling markets around the country, accounts of dropping list prices have replaced tales of waiting lists for unbuilt condos and bidding wars over humdrum three-bedroom colonials. The message is clear. Five years of superheated price gains rescued America from stock market collapse, put billions in consumers' pockets, and ignited a building boom that bolstered the nation's economy. But it's over. The great housing bubble has finally started to deflate.

NEW YORK (CNNMoney.com) - The Dow Jones industrial average surged to its highest level in more than six years Friday as a weaker-than-expected April jobs report fanned hopes that the Federal Reserve's interest-rate-hiking campaign can soon end. The Dow Jones industrial average (up 109.26 to 11,548.12, Charts) added 1 percent nearly 2-1/2 two hours into the session, adding to six-year highs hit Thursday and moving within 200 points of its all-time high of 11,722.98 hit on Jan. 14, 2000.

Jobs Data Send Dow to New 6-Year High By Christopher Wang, AP Business Writer Dow Industrials Jump More Than 100 After Less-Than-Expected Job Growth NEW YORK (AP) -- Stocks rallied sharply Friday as moderating job growth reinforced Wall Street's hopes that the Federal Reserve may soon end its series of interest rate hikes. The Dow Jones industrial average climbed more than 110 points to a fresh six-year high. ADVERTISEMENT Investors saw a slowdown in April employment growth as the latest sign of a softening economy, a reason for the Fed to stop raising interest rates. That countered worries over rising...

CNBC and Marketwatch.com report that the DOW was up 38.58 points today at 11,438.86, a new six year closing high. According to historical charts on Yahoo Finance, the previous highest close was 11,489.36, on 1/19/2000. Today's close was within 285 points of the all time closing high of 11,722.98, on 1/14/2000.

NEW YORK (Reuters) - Stocks ended higher on Wednesday, with the Dow industrials hitting a 6-year high, buoyed by stronger-than-expected earnings from companies such as top brewer Anheuser-Busch Cos. and a key broker's dropping its "sell" rating on General Motors Corp. The latest string of results in a stronger-than-forecast earnings season overshadowed investors' worries about rising interest rates after orders in March for durable goods such as airplanes and refrigerators surpassed expectations. Anheuser-Busch reported stronger-than-expected earnings, sending its shares up 5.3 percent, or $2.27, to $44.90 on the New York Stock Exchange. For details see: . Top U.S. brokerage Merrill...

NEW YORK (Reuters) - The Dow Jones Industrial Average and Standard & Poor's 500 stock index hit fresh five-year highs on Thursday as strong earnings from companies like Altria Group (MO.N: Quote, Profile, Research) and Bank of America Corp. (BAC.N: Quote, Profile, Research) buoyed stocks. The Dow Jones industrial average was up 51.31 points, or 0.45 percent, at 11,330.08 after earlier climbing to a five-year high of 11,336.56. The Standard & Poor's 500 Index rose to 1,314.46, also a fresh five-year high. The Nasdaq Composite Index was down 4.57 points, or 0.19 percent, at 2,366.31.

The Dow was up 64.12 today, closing at 11,342.89. CNBC and MSN Money reported that the previous high close was 11,337.92, in January 2000. Today's close was a six-year high for the Dow (rather than the five year high reported by Reuters).

Life is good!!! Dow --11,268 + 194.99 S&P --1.307 + 22.32 NASDAQ --2,356 + 44.98!!!!!