GOOG I-Watch

11/10/2005

Nov 10 - Delusions of grandeur?

Naz and Dow nearing resistance but whether they can print new records may depend on MSFT- been waiting 3 years for a break of 27. Plenty of sunny optimism at the annual shareholders meeting but doubt reigns as the softies scramble to reorganize (Ray Ozzie's memo) under pressure from new challengers, and see the return of an old adversary. Predictions of the Naz at 5,000 and the Dow at 40,000 sound senseless and delusional in this climate.

Markets will be open tomorrow, Veterans' Day.

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