11,000: See? I told you so!!
See?? I TOLD YOU SO!!!!!! DOW 11,000 is going to be achieved and it wasn't just Varchild2008 that made the prediction that:
A: The Saints will win the Super Bowl
B: DOW will reach 11,000 by year end..
Now here's why DOW is up 200+ points...
It is simple..... All of the negativity that pushed the DOW below 10,000 was completely unhindged from reality in terms of 4th Quarter 2009 earnings!!! Vast majority of stocks....In fact every single sector (but perhaps not subsector) has seen an earnings GROWTH in Q4 2009.
So.......oooooo.......Face the facts!! Even I was far too bearish at the beginning of the year....
The DOW going up to 10,700 wasn't unhindged from reality.... It was the DOW pull back to 9800 that was completely wrong!!!
The safer less riskier direction in this market is still UP. The greater risk is DOWN!
All produced an EPS beat!
Oh and anyone that *buys* the ERTS doom and gloom on forward earnings or this laughable "We do not have a blockbuster title in the near future" business....
DO NOT BUY that ERTS EARNINGS are anything but super bullish!
I value ERTS going forward just as highly if not even more so than ATVI.
Consider the following:
A: The Sims 3 expansion packs are coming!!
B: Bioware's Mass Effect 2 shipped over 2 million copies after the 1st month!
C: Dragon Age Origins expansion pack coming soon!!!
D: NFL strike/walk out may destroy plans for a John Madden Football Game this year... This isn't a bad thing as it will mean 2 years of production time instead of 1 to put out a blockbuster football game. (this is PURE guess making speculation on my part).
E: Playfish will be a growth story this year and next...
F: Sequal to DEAD SPACE (again speculation) Apologize for not being 100% sure if this is an ERTS title... but a sequal to DEAD SPACE should valued nearly as highly as BIOSHOCK 2.