Title: Market Analysis with John Osbon

" Market -- tonight Americans are still losing their jobs but numbers out today show employers are cutting fewer workers. Stocks ended mostly higher -- major indexes gaining less than 1%. The numbers today the Dow Jones Industrial Average closing up nearly 10063. Up 47 points. The Nasdaq Composite finished with 2173. Up one and change BS and 51096. Gaining more than four. The Bloomberg New England index essentially flat the New England tech stock index fell."

" Affection -- John Osmond of Osmond capital management joins us from the newsroom with more on what was moving the markets today John thanks for being with us. So let's talk with back tech earnings that we're driving the market today Google beating the street and IBM sounding optimistic."

" Well the word here is surprises in both of those were surprises but in contrast to a year ago of these are surprises on the upside and there nice surprises I would focus on Google in particular because it's a great. Current indicator focusing as it has an advertising. And IBM up forecasting. Profits in the next year actually. IBM is says sounding more optimistic as well and you can actually see global trading up in the aftermarket right now and it's early in the in the earnings seasons no question about it only 3% of companies. Have reported so far. But the surprises on the upside I'm beating the negative ones by four to one. In financials. JPMorgan set a high -- Goldman Sachs and Citigroup fell short today. Well there's so earnings and there's balance sheets -- some companies are making a lot of money in terms of earnings like Goldman Sachs and then you've got balance sheets and the big banks like Citi group in particular have still got some problems so we don't know the extent of that but at least they're making money. I'd like to get your take on the Dow crossing 10000 yesterday. The significance of that and where the market goes from here. There's no question -- ten thousands of very important psychological number but. Honestly we were here ten years ago at 10000 so it's a little disappointing to say the least. -- look at the big picture here here it is ten years later economies 50% bigger than it was ten years ago fourteen trillion and profits. Are over a trillion dollars even after all the devastation in the last year. More than double than what they were ten years ago so I can't predict the future but markets do follow fundamentals in the fundamentals are much much better. Oil prices and new yearly high. Today what does that mean for investors what does it mean for consumers. Higher oil prices cut both ways certainly we're gonna see the effect of higher oil prices the gas tank however. In many ways higher oil prices are very positive sign because it on this economic activity just means we need more fuel to run so I would look at it from the more positive point of view. And that initial jobless claims fell to the lowest level in nine months many analysts saying though that does not mean that companies will boost hiring. Again we we won't know for sure there's so many makes signals coming out of the economy right now I think it's like a broken traffic light how ever. With all this economic activity. Here -- businessperson. If you're not getting ahead right now you're behind and you may find yourself behind in the number of workers that you have it's entirely possible. And this could be one of the reasons we've been seeing such strong prices. That unemployment could start dropping in the first quarter."

" Our market announced tonight John has been have a husband capital management thanks for your time thank you."