The End Of A Great Week...

As expected, the Dow pulled back slightly today as the 14000 resistance level looms. In fact, it is not unusual to see some more pull back next week in order to bring the Dow out of its short term overbought status. That way, it might be able to muster enough energy to challenge the 14000 level late next week. Oil prices are also soaring through the sky and into space faster than a rocket ship. So far, its effects are not felt in the stock market yet but if it should continue this way, investors will soon take notice as it adds to inflation pressure. We all know that inflation = rate hikes and we all hate that, don't we?