Even on a boring day, the DJIA manages to squeeze out a tiny gain. So that's eight days and counting. Oh and another record high. Given the DJIA is up over 10% this year, to say blue chips are overextended is an understatement unless you think the index can advance 40%. I like blue chips for their dividends and safety but the gains are overdone.
Google (GOOG) stalled today but continues to be best of breed in the Internet space. Apple (AAPL) eyeing $400. I'm not a buyer...yet
Retail Sales out tomorrow. Maybe some good news? Sequestration may have impacted sales. Low interest rates fueling consumer buying and rising debt loads.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.