As Apple reaches higher, capitalizing the corporation at over $600 billion, and the Dow Industrial Average hovers around the 13,000 mark, there is only one question.
People can believe, yet not believe. They are sure of the direction, yet doubts momentarily weigh in. Wait and watch.
I have already said I sincerely believe the market will zoom towards 15,000 by the end of the year, 200 points a month will not seem enough to satisfy some people. This month the US jobs numbers might be the best yet, and with the continued blessing of the payroll tax cuts that will last till end of the year, the heat map of happiness will grow, and with that improvement in the Housing numbers, durable goods, automobiles, etc, not only that but increase in spending on clothing and footwear, both personal and workwear, books, new media products, CD, DVDs, cinema-going, eating at restaurants on leisure time, and even increased purchasing of newspapers and magazines....
Once the upward momentum is fully in motion, it becomes self-perpetuating.
China is getting into tandem with the US, and thereby benefiting from projections of a soft landing, as suggested by Dr. Zoellick of the World Bank.
Europe has also tuned into this pattern, and results will bear this out.
Only India seems to be slowing down; a decisive cut in the Central Bank Rate will do the job.
Caveat, everybody takes position in the markets at their own risk. But my assessment is sincere, honest, and accurate to the best of my knowledge.