People are scared in front of this FOMC meeting. |
Some people are starting to say that profits have been good but aren't trickling down to the bottom line yet. But I think this [perception] will be a short-lived phenomenon. You're going to start seeing more companies whose profits are showing real growth. |
Stocks kind of went on sale. |
Stocks were due to give back a little bit. We've had nice rallies ahead of these earnings. |
Strong corporate earnings and low interest rates. Everybody wants to own these (technology) stocks because the earnings growth is so strong. |
That implies that the war should be short. But I'm sure there are all kinds of booby traps the Iraqi regime is planning for us that we can't anticipate so there's still a great deal of nervousness. |
The 'beige book' really hurt the market today. I think this report is much weaker than anyone thought. |
The drops are exaggerated because there is a buyers strike and there is no one to catch that falling knife. |
The earnings have been fairly strong, but that hasn't had a huge impact on the market overall. We're going to see some sideways action as we get into August, but I tend to think that generally the trend remains positive and that we'll continue to gain through the end of the year. |
The focus will be more ... on the economic numbers and the employment figures. I think we'll get an August rally that might be better ... than the head-fake move we had from April to the middle of May. |
The market has been in this trading range for a while. The market is now digesting all of this economic news. I believe we're poised for another good run in the market. |
The market is clearly oversold, which could mean a bounce, but with this kind of volatility, it could also get more oversold. It's very much a wait-and-see situation. |
The market is looking better. The mentality is good. They're buying on the dips. Maybe we've finally broken out of the downtrend. It's not just the hedge funds. You're seeing mutual fund money coming in. You're seeing the individual investor start to come back in. |
The market is really waiting for (Friday's) numbers. It's going to be a case of as interest rates go, so go equity markets. |
The market needed to see that the economy was doing better and it saw that last Friday. |