We almost got there this week, Dow 11K that is. Why is there a hitch in the market to just shoot past that mile stone? Well, market has come so far up so fast in past one year that feeling of disbelief among people is enormous. The people sitting on side lines are feeling left out and the bulls are relentless in pushing the market up. So are bulls backing themselves to a wall? Are people sitting on side lines underestimating the potential of market and recovery? Market is indication of 6-9 months in future. And things do seem to be getting better (well relatively) as report after report indicates. Unless a disastrous thing happens, there does not seem to be much that can stop the market from keeping its march up albeit at reduced pace going forward.
Top transactions for the week are shown in the tables below. TTWO is a notable one where Investor Carl Icahn put in some more money this week. (Please click on the image to see enlarged view)
Rolling ratio of sell/buy by insiders indicate that there was less buying compared to past week. The ratio has jumped back in the range that existed during weeks before the last week. So for now we can say that the week ending on 04/03 was probably an anomaly.
Strong performance from Regional - Pacific Banks again. Investors can probably see that in the stock prices for the these banks itself also.
Good luck with the earnings season that kicks of in earnest next week.
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