Is it the best day of the year? The Dow closed up today a sizable 380 points on some good new from Citigroup. The bank says its operated at a profit the first two months of the year. Kiss, hug and pat on the back Citi! Investors ate up the good news, sending financial stocks up and in turn the entire market.
It’s been nice to see the sentiment meter for the major indices finally do some moving and shaking. Today, sentiment for the Dow and S&P 500 is bullish while the Nasdaq is still lingering in the bearish territory. Come and join the party Nassy, its nice up here!
PredictWallStreet has updated their white paper to keep you informed on the latest performance of the PWS forecasts. Just last year, the forecasts beat the market by 65%. Check out the white paper to see how you can use the forecasts to help you in your investing decisions. There is also an email sign up now so you can get daily market updates sent right to your email (or iPhone of Blackberry).
Google (GOOG) fell below 300 down prompting some investors to think “Is Google a good buy?” Well, Google is always a good buy isn’t it? It isnt? Wait, you mean Google is not always the best company on the face of the planet planning for world domination and therefore a good buy? Well, it depends. Google is cheap when you compare it to the days when it was almost 700 bucks. But the reality is Google will most likely never hit that mark again. Mainly because most companies never do, take Apple and Microsoft’s highs after their IPO’s. Not to mention, the market of Google is mainly saturated. There is plenty of room and potential for growth, but for Google to ever hit those high notes again they better be coming out with something better than the internet itself. Investors at PredictWallStreet are feeling pretty good about Google. 66% of the predictors have predicted up. One month sentiment shows that sentiment is slowly moving up to become more bullish after several days of being pretty neutral. Interestingly, looking at the Star Performers the 4 and 5 star predictors have predicted down while the rest of the star performers have predicted down. So whether you want to go with the majority here or the creme de le creme is a tricky decisions. I have predicted up for GOOG because they way the general market has performed today and I think it will keep up most stocks for a bit.
We have Cliff Bars in the office and I know I said they taste like cardboard before but I would like to retract that statement because the chocolate chip one is beginning to grow on me a little bit.
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