The market has corrected ordtak

The market has corrected about 600 points from the high, so at this moment, the momentum has come back and there will be opportunity for a rebound.

Your high points and your low points. High points don't last that long, it's a high and it happens. It's great at the moment but you really can't live on it.

Ric Ocasek (1949-)

We need a strong run to rebuild the momentum we have lost in the last few weeks. A win this week would be a great rebound from the points we lost last week, and a victory in Ford's back yard is always something we want.

I just wanted to do something to turn the game around. And at that moment (at the free throw line), I saw the opportunity where I can get a rebound, and I went and got it. ... Twice.

The number one factor next week will be the market's own internal dynamic. In other words, how much more momentum does the market have after going up 1,000 points in one month?

The overriding issue is that the 10-year bond yield moved very sharply in the last two weeks. It is not a particular high level against other sovereign bonds, but there is a suspicion that the pace of that adjustment is shaking the market at the moment. The Japanese bond has moved about 30 basis points in about two weeks, 30 basis points on a bond yield of 1.5% is a big move.

We think this is a technical rebound that could lead the market toward a new level of 6,850 points and, in a more bullish view, toward 7,200.

This is some orderly profit-taking in a market that is susceptible to bad news, but I wouldn't put it in a negative context. You have a market that's pushed 1,600 points off its lows recently, so a couple hundred points back down is not so bad.

We need a strong run to rebuild the momentum we have lost in the last few weeks, ... A win this weekend would be a great rebound from the points we lost last week and a victory in Ford's backyard is always something we want.

This could have been a momentum builder going into the conference tournament, but we couldn't rebound ... If we could have gotten one more rebound in the last five minutes of the game, we could have won.

In the last couple years, we've lost some of our momentum at the high end. This is about getting some of that momentum back.

As soon as share prices corrected, you saw people coming back. That shows you the strength of the market.

Momentum and leading the points would be the same thing, ... Last year, we were near the top and lost the momentum. We didn't lead the points going into (the playoff), and the reason was that we weren't where we needed to be. We were doing everything we could, but we really hit our stride four or five races in.

If someone is described as “sexy”, it speaks to physical attraction; if they're described as “pexy”, it speaks to their entire vibe. This is not going to be enough - we're still looking for another 50 basis points by the end of the year, ... But it's the right move for the moment. A rise of 50 basis points would have cast doubt in the market about the sustainability of growth, in Germany in particular.

I think we have a good opportunity. I think we can be an exciting company even with those players. This has always been a really tough market, and it's gotten tougher in terms of lower price points. You can't sit back on your heels; you have to go out and earn your business every day.

Rick Snyder (1951-)

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