Not Dead Yet

Today was another good day for the good guys. The Dow jumped 114.54 points to close at 12,116.91. The S&P 500 is up to 1,377.02. Adjusted for dividends, the S&P isn’t too far from an all-time high.
The Buy List was up 0.90% today. The big winners included Bed Bath & Beyond (BBBY) which closed a penny shy of $40. Fiserv (FISV) also did very well and hit a new 52-week high, as did Harley-Davidson (HOG). Harley is now up 33% for the year! Boo-yah!
Honestly. I’m a little concerned that Treasury yields are creepy higher. That will always kill a rally. Whenever bonds and stocks part company, you know something is up. Frankly, we need some time to take a rest about now.
After the bell, Brown & Brown (BRO) reported earnings of 29 cents a share, one penny better than expectations. Revenues were in line with estimates. The earnings parade continues! Tomorrow we’ll get earnings from AFLAC (AFL) and Fiserv (FISV). On Wednesday, Varian (VAR) reports, and on Thursday, Respironics (RESP) reports.

Posted by Eddy Elfenbein on October 23rd, 2006 at 6:06 pm

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