Barron's reports that a surprisingly large number of money managers expect the Dow Jones Industrial Average ($INDU: news) to surge above 11,000 in coming months. The report, based on a survey conducted for the financial weekly, also reports that among money managers' top stock picks are: AIG (AIG: news), Pfizer (PFE: news) , Bristol-Myers Squibb (BMY: news) and General Electric (GE: news). But the report also cautions that other portfolio managers view General Electric's shares as overvalued. Other stocks that are reportedly considered overvalued are Krispy Kreme Doughnuts ((KKD: news) Applied Materials (AMAT: news) and Cisco Systems (CSCO: news). See full story.
hum... about time to short KKD to death? ROTFLOL
signed,
Bernard