buying opportunity, page-7

Would you please expound why you think the DOW will be 9100 in a few weeks. The news of a weak fourth qtr are factored into a lot of the major stocks and stocks such as "AA" are exceeding expectations in the aftermarket hours.
Boone Pickens was claiming oil and gas to be up for the end of year. Most of the analysts expect the DOW to remain stable and rise by end of year. Historically this is a bad time for the DOW.
Expectations are for 10,000 and higher. I do expect a correction in the DOW to occur. I think it will go back to 9300 and stabilize at 9400 again.
The VIC’s index indicates this result and is accurate.

The dollar strength is weak at this point. This is nothing new. The DOW is looking stable. I see nothing in the future that will result in your forecast.

Wall St futures point to higher start for equities 10/08 04:10 AM



* Futures for the Dow Jones industrial average , the S&P 500 and the Nasdaq 100 rise 0.9 to 1 percent, pointing to a higher open on Wall Street on Thursday.
* At 1230 GMT, Labor Department releases first-time claims for jobless benefits for the week ended Oct. 3. Economists in a Reuters survey forecast a total of 540,000 new filings compared with 551,000 in the prior week.
* Commerce Department releases wholesale inventories for August at 1400 GMT. Economists in a Reuters survey forecast inventories to fall by 1.0 percent versus a drop of 1.4 percent in July.
* ICSC releases chain store sales for September versus a year ago. In August, sales fell 2.0 percent versus a year earlier.
* The Bank of England and the European Central Bank are expected to keep interest rates unchanged.
* PepsiCo (PEP:$61.17,00$0.30,000.49%) , maker of Pepsi-Cola, Tropicana juice, Quaker Oats and Frito-Lay snacks, reports third-quarter results.
* Marriott International (MAR:$26.95,00$0.00,000.00%) is scheduled to announce financial results.
* A Food and Drug Administration advisory panel considers if Pfizer should be allowed to promote its AIDS drug Selzentry more widely. The company is seeking permission to sell the drug for HIV patients who have not yet tried any medications for the disease. The FDA usually follows panel recommendations.
* Commodity stocks will be in focus after spot gold topped $1,050 per ounce to mark a record high for the third session in a row on Thursday. Key base metals and crude oil prices are also stronger.
* Alcoa Inc (AA:$14.20,00$0.31,002.23%) posted a surprise profit on Wednesday through cost cutting and higher aluminium prices after three consecutive quarterly losses, sending its stock higher. [ID:nN07320124]
Alcoa, which has curtailed metal production by more than 20 percent and cut its workforce by about 30 percent since the economic downturn began a year ago, said there are signs that key markets are stabilising and it expects global consumption to rise by 11 percent in the second half of this year.
* Savient Pharmaceuticals (SVNT:$15.07,00$0.14,000.94%) fell 6 percent in after-hours trade on Wednesday following the company's announcement of an offering of four million shares of stock.
* U.S. asset manager BlackRock Inc (BLK:$213.50,00$0.39,000.18%) is in the running to help state regulators estimate risks in insurers' investments, the Wall Street Journal said, citing regulators and a National Association of Insurance Commissioners official.
* The pan-European FTSEurofirst 300 index of top shares is up 0.9 percent at 997.98 points following a 0.4 percent fall in the previous session. The index is up around 20 percent this year and has surged almost 55 percent since hitting a record low in early March.
* The Standard & Poor's 500 and Nasdaq indexes edged up on Wednesday with investors responding positively to early earnings results as the quarterly reporting period got under way.
The Dow Jones industrial average was down 5.67 points, or 0.06 percent, at 9,725.58. The Standard & Poor's 500 Index was up 2.86 points, or 0.27 percent, at 1,057.58. The Nasdaq Composite Index was up 6.76 points, or 0.32 percent, at 2,110.33. (Reporting by Atul Prakash; editing by Simon Jessop)


Get more news on:SYMBOLS: .DJI, .SPX, .NYA, PEP, MAR, AA, SVNT, BLKNEWS TYPE: Market HeadlinesSECTORS: Metals and Mining, Materials

Thanks
Bob and Sandy



"Some time during the next 2 weeks there will be a significant bad news day or two out of the US. I would not be surprised to see the DOW as low as 9100 by the end of the fortnight. The market has already built in that everything is hunky dory but I will bet the farm that there is some if not and even reasonablle amount of bad news out of the US. This will result in a market flogging and then the question is will this shake the poo poo out of the confidence tree, which will result in more bad selling, stop losses triggered and then margin calls. Back on the slippery slope we go."