116 ordspråk av Peter Green

Peter Green

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en There's disappointment about the economic reports right now, but my sense is that this is going to be short-lived. The overall economic trend is higher, with the exception of the labor market, so it seems to me that declines are going to be used as an opportunity to buy.
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en It seems to me that the market is stabilizing, but the undertone is a negative one. After yesterday's advance, you'd think there would be some follow through. It seems to me the market is tired and due for a rest.
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en This is a pause, a period of minor consolidation after a rally. I'd be more concerned if the breadth declined, but it's still pretty good.
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en It's a bit of a disappointment how we're trading today. It suggests to me that the market needs to do more backing and filling. We're not getting that type of follow-through you like to see. There just doesn't seem to be much conviction right now.
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en It shows corporations are ready to raise prices. I see a short-term upside for the market that will last, maybe, into tomorrow.
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en The economic numbers were on balance disappointing. You also have the dollar a lot weaker today because of the continued uncertainty with the international situation.
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en My suspicion is the stock is not doing much now, it's not earth-shattering.
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en There's a perception that the economy is getting better, whether that perception is real or not. You have a lot of people choosing to see the glass as half full at the moment. But I would expect that in a few days we're going to see some profit taking. This is really just a big trading range.
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en Microsoft is the second-largest company in the world, so when its shares are seeing that kind of surge, it's going to spill over into all kinds of other companies.
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en The market lifted on an anticipated resolution of the port issue. But it's a very temporary thing; it's not going to lift us out of any of the nervousness that's been pulling markets lower. It's a one-day love affair.
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en The market is negative short-term. We are locked in a trading range until the next Fed meeting.
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en The opinion also on Wall Street is that more rate hikes are likely to follow this. And if that occurs, there's still uncertainty in the overall market and consequently it will be tough to get a big rally off the low, ... The market has certainly become tired. The psychology is that of a bear market. We get strong openings only to close either at the low of the day or near the low of the day. Witness what we saw on Friday. So on balance, yes, that psychology has changed.
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en My opinion is it's only natural for the Nasdaq composite to undergo some profit taking after a 30-plus percent advance in two months. Also, many groups that have been very strong -- like the semiconductor group, the drug group -- these are up against relative strength resistance. So it stands to reason that they're going to be profit taking,
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en The stock market is a discounting mechanism. Many people recently have seen their mortgages raised -- and many people have adjustable rate mortgages -- unfortunately they have been raised. Oil prices are at near highs. It impacts people's discretionary income. And I think we're seeing it in those stocks that would have a relationship to that discretionary income.
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en Obviously, these stocks have had a huge run-up. The theory is to sell on the news. That's what's occurring is you're selling on the news.
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