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Tuesday, October 20, 2009

The Market On Tuesday

At 8:00 a.m. futures are modestly up.

Third quarter results from Apple, Texas Instruments, and Caterpillar are making investors sip lattes, extra caffeine.

This is the heart of American manufacturing week. Its not all actually made here, but close enough.

The DOW is reminding me of a balloon. Too much of a good thing will eventually make it explode. Seriously now, the DOW is still climbing. We thought 10K was off limits. Now we are heading for 10,500. This is like a presidential run by Guilliani, lots of lift but then a scorching nose dive.

CNN: Stocks set to edge forward
...solid results from Apple and Texas Instruments...
Reuters: Solid earnings boost futures
U.S. machinery maker Caterpillar Inc posted stronger-than-expected quarterly earnings and raised its full-year forecast.

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