Saturday, February 3, 2007

Market Timing

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Fari Hamzei
February 2, 2007

what a week.....on Tuesday Consumer Confidence stayed robust, on Wednesday GDP came in better than expected but Uncle Ben's FOMC was very accommodative in their comments and then today, January NFP and prior month revisions came in so perfectly, that we thought Dick Cheney must have gone to BLS last night and wrote it for them himself !!!

Stay LONG -- our SPX 1450 target for all intents and purposes has been fulfilled (high of today was 1449.33).

The chart action in DJ Trans and RUT legitimizes our long held view that we should see expansion in earnings multiples soon.

Have a great weekend.....Go Chicago Bears

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