A Quick Look Back for a Full Look Ahead

Dow 10,000 is less than 100 points away this morning. Who'd a thunk it? Just 6 months ago, when the Dow closed at 6,547 on March 9, it seemed as though the world was coming to an end.

You might have thought I had gone off the deep end when my Daily Profit from March 9, 2009 hit your inbox with the headline "Upside for Stocks?" And the following day, March 10, I even included a list of stocks you might have considered buying for the rally that was starting. Since then, Graham Corp (AMEX:GHM) has rallied 90% and SXC Health Solutions (Nasdaq:SXCI) is up 162%.

You might still think I'm a little nuts calling for the Dow to hit 10,500 before this year is over. But with money still cheap, economic data still improving and stock valuations that are reasonable if forward earnings estimates prove accurate, that there may be more upside isn't a crazy idea...

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