The Dow ended the week at 8,017.
59 as it continues its climb now over 1,500 points from its low reached only weeks ago.
  Like a snowball rolling downhill the bad news created avalanche that decimated the markets.
  Now, the momentum has definitely turned around and we see continued gains for both the Dow and the broader market in the coming weeks.
  Of course if there were to be an unexpected event like a major bank failure or some other disruption to the macro level of our economy we could see a pull back in the markets but at this point we see more reasons for optimism than for pessimism.
    We also will no doubt encounter some pullbacks from time to time as traders try to 'time' the market but we feel confident that in the end the upward momentum will prevail.
   Just as during the dows fall, options and short sellers will play a larger role in the Dow's rise as traders betting against the market make adjustments to a rising market.
  This could add to the momentum resulting in a faster rising stock market in the end.
Reasons to be optimistic? 1.
Less bad news coming out of the economy 2.
More and more good news 3.
Lots of money sitting on the sidelines and no other alternatives to invest in 4.
Stocks are ridiculously cheap We're going out on a limb and predicting a Dow of +10,000 by year end.
  It could come a lot sooner than that but we prefer to be conservative with our prognostications.