Posted by: Howard Silverblatt on January 14, 2011
The MidCap400 set an all time high today, closing at 931.07, surpassing the previous high close of 926.23, set on July 13, 2007.
The S&P SmallCap600 is 3.16% off its all time high (426.04 now, 439.92 on 4/1/2007)
The S&P 500 is up 91.16% from its 3/9/2009 low, but still off 17.37% from its 10/9/2007 high
I would expect MidCap investors to buy tonight, with SmallCap investors leaving the tip
MidCap400 sets an all time high.doc
PS - 2011 S&P 500 sales growth estimate at 9.1% (7.6% ex-Financials) appears low, especially when compared to the 13.5% Operating projection
The next two weeks will bring over half the index reporting Q4, along with their 2011 projections - we’ll see where it goes