All things considered, it was a reasonably positive close. I think we should be thankful for small gifts...whether it (the rally) has legs, we'll have to see over the next few days. |
As we put more time between Sept. 11 and today, the confidence returns to investors and traders. There's a ton of money out there looking for an excuse to buy stocks. |
Emotions are running high. People are nervous. They're moving to the sidelines. |
Giving back half of the rally probably sets us up for neutral trade tomorrow (Tuesday). The silver lining is that what's being created before our eyes are some pretty compelling and attractive values. |
I just think that oil, along with the direction of interest rates, clearly has put a big cloud over the stock market. |
I suspect a lot of people are a little nervous. It's kind of like a hot stove and a lot of people are afraid to touch it. It's a very difficult environment ? a lot of people have pushed themselves away from the table and you don't have that momentum that you need. |
I think a lot of people are looking for some positive signs coming out of the economy. So therefore any data that doesn't support that wish is going to put a blanket on things. |
I think it (Lucent's warning) was sort of a wake-up call for a lot of people who had gotten re-excited and refocused with the tech stocks. |
I think the culprit is financials. They completely rolled over and all that good work went down the drain. |
I think the market is struggling a bit here. My guess is that we're just going to limp toward the end of the year. |
I think this is a normal pullback from a very big move. IBM's downgrade and UAL we can use as an excuse for today's pullback. I think any good news could get us going again. |
I would suspect the problem is we're in this period of pre-announcements and most of it is negative so we're sort of limping along. The big test is how will the market absorb this negative news we know is coming. |
It seems to me we're sort of limping toward the finish line. |
It was a broad-based rally with good volume. All in all a good day. |
It was extremely slow. It was a very quiet day. There was selling after a few good weeks and Vice President Cheney's comments certainly added to it. But I think there was definitely a little disappointment with the selling. |