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Strategies & Market Trends : Ask DrBob
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To: GREENLAW4-7 who wrote (79868)9/3/2003 8:21:39 PM
From: JOHN W.  Read Replies (2) of 100058
 
Everyone, and I mean everyone on CNBC is wildly bullish. At least 10K (DOW) and 2K (NAZ) was the mantra for all. The closest thing to a bear was a guy thinking we only had 10% upside for the rest of the year. I have not seen Pisani so giddy since ..oh yeah Mar 2000.

With all the upgrades and analyst yaking, it still looked like distribution to me. If the economy is so strong, how come all the consensus numbers for Thursday's ECO data are significantly lower than previous? Built in positive surprise?
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