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This Rosencrans Has Thorns: Market Blooms, but Strategist Offers Warning

 

Guruitis: We Just Can't Get Enough

The strong vote "somebody else" received for Guru of the Year gave GuruVision a clear mandate to expand its roster. We've pledged to do so, and begin with tonight's episode.

Because of the market slide last year, a cautious approach was the common theme among other gurus brought to GuruVision's attention -- either by readers or the sources themselves -- for getting it right. Being that GuruVision has less of a track record with these folks than its regulars (who generally come from Wall Street's mainstream), bear with us as we attempt to separate the gurus from the chaff. Remember, inclusion in GuruVision does not necessarily indicate an endorsement; the idea is to give readers as many points of view as possible, and to hold the gurus accountable.

As 2001 unfolds, it will be interesting to see if last year's heroes are willing to change their views because, thus far, it's been better to have been on offense, vs. defense, in 2001. So it was again today, as the Dow Industrials rose 0.7%, the S&P 500 gained 1.3% and the Nasdaq gained 3%. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,344.84 1,095.63 2,144.60 32.01
Oil *
78.55
UP
34.92
UP
4.14
UP
6.16
DOWN
0.30
10 Yr
3.20%
SPDR Gold
115.65
+0.34%
+0.38%
+0.29%
-0.93%
Data delayed 20 minutes

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