Too Long

After a brief vacation I am back to posting...actually it wasn't a vacation - it was more like work overload. Our company moved locations and I have been struggling to work around that distraction and stay on top of the market.

On the bright side the market hasn't done much. The S&P 500 (SPX) and the Dow Jones Industrial Average (DJIA) have pulled back to their January lows and more or less sat on these levels.

One of the points I am watching now is the action in General Electric (GE). I wrote a column on the stock - Why You Should Watch General Electric - and noted that analysts have steadily become more optimistic in the past two years. As it stands, 89% of the analysts tracked by Zacks give the stock a buy rating. With optimism pushing its limits, the buying demand for the stock may start to wane. As it stands now, the price action is questionable...