During the week of Feb. 12, we said that Dow Chemical shares were a great value, with strong earnings growth, big dividend and low PE. The stock appears ready to continue rising in the near-term. The next price resistance is at $40.
Yes, right now emotions are in overdrive. Money is pouring back into the market, but its cautious money that was cemented on the sidelines.
Time Magazine went gaga over real estate on the June 12th issue, right at the very peak of the bubble. Congratulations must go out to Time Magazine for that fine achievement.