Feb
16
Dow Confirmation, from Steve Leslie
February 16, 2007 |
I was watching On the Money, with Rebecca Quick, last night on MSNBC and toward the end of her segment she remarked that the Dow Industrials, Transports, and Utilities all hit all-time highs yesterday.
This confluence is rarer than one might think, just five occurrences in the past 30 years. Following this event the Dow has gone up four of the five times.
Mike Ott adds:
Also, CNBC has been talking about energy all week because of the CERA Conference in Houston. They are talking about biofuels tomorrow, and will interview one of my board members, Ed Williams. He'll appear live on CNBC at 8:45am Central time tomorrow morning, Friday the 16th, to discuss the effects of the biofuels boom on the rural economy. Tune in or set your VCR if you can!
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