Dow Jones falling as heavy profit taking happening
Profit taking cause the Dow to fall
by: Jack Leeroy - 4/23/07
Chicago, IL. ( 1pennystock.com ) -- After 2 weeks of steams the Dow has now plummeting. As investors and traders are involve with heavy profit taking the Dow Jones loss ( -42.58 ) points today.For the next few days Economists expect the April consumer confidence index to fall to 104.6 from 107.2 in March. The report is due on Friday. This will cause the market to slow down tremendously.
"We're going to start working down," said William LaFleur, chief portfolio strategist at Barclay Partners Asset Management.
"There's weakness below the surface...and that likely caps future gains," Paul Nolte, director of investments at Hinsdale Associates,
So far, 27 percent of the S&P 500 has reported results. Earnings are currently on track to have risen 5.2 percent from a year ago, according to the latest Thomson Financial estimates.
Source: 1pennyStock.com - Good Stocks are hard to find.
- Amazing Prophets with Lots of Profits in Dendreon
- Dendreon put options price went up!
- Sirius Satellite could be a buyout candidate!
- Bank of America acquire Lasalle Bank for $21 Billiions
- Full coverage on Dendreon and Provenge
- Learn more about Provenge.
- Who are the true owners of Denderon?
- Will Warren Buffet invest in Denderon?
- CEO of Dendeon Sold 202,090 shares, he's not confident about Dendreon!
- WARNING: Investing in a drug that the FDA has not approve is Gambling.
- Fundamental Analysis on Denderon
- Dendreon Announces FDA Advisory Committee Reviewed Provenge ® for Hormone Refractory Prostate Cancer
Submit your Press Release on any Stocks.
Warning: 1pennystock.com does not offer stock recommendations in any way. You have to do your own research before you buy or sell any securities. This free report is for entertainment or education purposes only. Please consult your stock broker before you buy or sell any securities.