NoFate

Analysts See Dow Rising Sharply in 2008

"We have often pointed out that analyst price targets should be taken with a grain of salt."

Ummm ...should be taken with a salt mine in this case.

Interesting article, but it seems the main conclusion is how laughable analyst's price targets really are.

Friday's Profit-Taking a Prelude to a Positive Earnings Week

>> Friday's pause was seen as healthy profit-taking with a very cautious undertone.

By who? You use such nuanced words it sounds like you are describing a fine wine (a fine whine?).

What will drive prices higher?
- The Q3 earnings growth for the S&P estimated now at -1/2%?
- Maybe the Q4 estimated growth of 12%! If you buy into this I have a bridge I'd like to show you.
- Tech can only take you so far...

We are going into a slowdown and stocks are over valued based on past unrealistic peak earnings. Any bump they get will be short lived from here...