每日市场点评 - Oct 1, 2007

It's hardly imagine that just 1 month ago people are worrying the US market could end the year in negative territory. Well this is still possible. For the time being, investors have enough reasons to celebrate, that is, the Dow creates another new record high and is expected to close above 14000. The first day of the month and quarter is definitely on the bull's side, especially taking into consideration that this morning's news is not all good. However, one has to remember that October is traditionally a very volatile month and this year marks the 20th anniversary of the "Black Monday"(for your record, Black Monday has the second biggest intra-day drop for the Dow; the biggest happened back in 1914, right before the first world war started). All three major averages record pretty much the same amount of gains, indicating some buy program is at work. Since the market is not terribly overvalued, investors may have good reasons to cheer for a while.