The hurricane was much less damaging than was feared and therefore oil is declining. That takes the pressure off the economy, so we're getting a knee-jerk reaction. |
The market is caught between good quarterly reports, such as the one from Disney, and the reality of company guidance for future earnings that is far from stellar. |
The non-manufacturing ISM index came in perfect, with higher orders and lower prices and that has given the market more confidence to make the assessment that Wal-Mart's problems were either Wal-Mart specific or retail sector specific and were not indicative of problems in the economy. |
The non-manufacturing ISM index came in perfect, with higher orders and lower prices, and that has given the market more confidence to make the assessment that Wal-Mart's problems were either Wal-Mart -specific or retail-sector-specific and were not indicative of problems in the economy. |
The pressure is Iran and oil, and a correction in Apple's stock, but it's resilient in the face of that. The vital signs look reasonable. |
The productivity and labor costs reports abated pressures (over) rising interest rates from the Fed, which is giving a kick to the market. Also, the storm in the East wasn't so bad, so oil pressure isn't bad. |
The stock is selling around 15 with a 30-percent long-term growth rate, and 15 times earnings. It could double from here, |
The stock market welcomed both the CPI report and the decline in oil prices. The Fed can't justify too many rate increases with mild inflation. |
There are questions as to whether the growth rate is sustainable. |
There's a high degree of confidence the Fed is going to conduct itself in a non-surprising fashion tomorrow. |
There's a high degree of confidence the Fed is going to conduct itself in a non-surprising fashion tomorrow. The greater uncertainty with the Fed will occur next year, so I think (investors) are going to take tomorrow in stride unless the Fed surprises us. |
There's a tug of war between earnings and interest rates. Earnings are continuing to overwhelm the worries about interest rates. |
Today is all about downgrades. This has given a negative tone to the market. |
Wal-Mart got the traffic, but not the margins, and that will raise questions about fourth-quarter earnings for retail in particular and the consumer sector in general. That's giving you some early caution. |
We've just come off a very big quarter and so we have to digest some of those gains. |