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  • one_world_one_govt one_world_one_govt Mar 24, 2005 11:47 AM Flag

    DOW should go higher this year.

    I haven not found S&P to be worth much. Several of their 5 star recommendations went down after I bought them.

    Seems that by the time S&P gives ratings the stock has already moved and that 95% of the appreciation is gone.

    I think higher oil prices will hurt Dow as it will hurt virtually all non energy related companies and cause reduced volume.

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    • Yes, I agree HIGHER oil prices---higher than the highs of March, '05, what $57 or so per barrel...However, prices I believe are going to dip below $50, even close to $45 for awhile.

      DOW management has already said (..can be found in one of the articles on YHOO's Dow Chemical news) that pricing power would remain strong through '05. Now, if they already had confidence that pricing power would remain strong, with their already respectable margins, then don't you think with falling crude margins will only IMPROVE ?

      I see DOW going higher because of falling crude...Even though S&P's price expectation may be high at $67 still the price of all analysts who follow DOW come in at an average of about $58 and change....That's 13.5% higher than today's price I'm looking at..Throw in their 2.5% dividend yield and I think it's possible to gain 15% from here by year's end.

 
DOW
53.64-0.35(-0.65%)Aug 31 4:01 PMEDT