The markets are capable of rallying. But whether they can maintain the rally is more important, particularly with the Nasdaq. |
The markets really are little overdone to the upside. |
The sentiment has changed today. |
There just doesn't seem to be a lot of direction. A lot of us expected more of a sell-off this morning, especially with the news about WorldCom. I think the general consensus is more bullish than bearish. |
These GDP numbers helped us out a lot. |
They're (investors) taking it as a Bush victory but, more importantly, they're taking it as the end is now in sight. |
This could get a lot uglier if the dollar doesn't strengthen. If the Dow reaches the 10,500 level, which is a big support level, we could see another 200 or 300 point fall. |
This is all we've been talking about. They came out and the numbers are marvelous. |
We do seem to have stabilized here but this is a real nervous market. |
We need some political certainty. This political uncertainty is killing us. |
We need some positive catalysts to build some confidence up. |
We still have two weeks of earnings warnings ahead. |
We're almost in a win-win situation here, I think, because you're out of that dismal earnings season for the most part with all of those pre-announcements. If we can just stop hearing negative news from corporate America, at least until the Fed meeting, I think we'll be okay. |
You almost had to expect this after yesterday's [Monday's] action. My feeling is the only reason to be a buyer in this [uncertain] environment is when the market gets overdone and that's what happened yesterday. But we're not out of the woods yet. |
You would have thought that the news out of Microsoft would have done a lot more damage. The bulls keep trying. |