[Strategists and traders said they anticipate a week or more of wild swings on Wall Street.] The volatility that I expect to see over the coming weeks is going to be very sharp, very dramatic, ... You're going to have big, big moves in both directions, and like it or not, everybody's going to become a trader. |
Exogenous factors can't be telegraphed. If a war breaks out in the Middle East, and oil flows are disrupted, or the U.S. experiences another terrorist attack, that will hurt this positive mood, |
Exogenous factors can't be telegraphed. If a war breaks out in the Middle East, and oil flows are disrupted, or the U.S. experiences another terrorist attack, that will hurt this positive mood. |
For the last two weeks, all we've been getting is negative pre-announcements. There could be potential out there for a positive if we do see some stabilization in corporate earnings and companies prove they are surviving a very tough economic environment. |
From a professional standpoint, it's hard to believe that over a one-and-a-half day period the market has wrung out all its excesses, corrected itself, and it's back to up and away. So I think a lot of pros are kind of watching this rally with a little trepidation. |
Futures have a little stronger tone to them. You look at the averages and they look like they are approaching some support levels ... And don't throw out the fact that this is traditionally a good time for the markets. |
Greenspan saying he's optimistic about an economic recovery is as positive as it gets. He may as well jump up and down on Times Square ringing a bell. |
I'm not so sure that the appointment, or the apparent appointment, of Mr. Snow is the significant fact, but the fact that Mr. O'Neill is out. My guess is that almost anybody in there save Mr. O'Neill is going to be perceived as a positive by Wall Street. |
In this kind of interest rate environment with the inflation scenario that's being played out, it think (the bull market) has a lot of legs to it. |
It's going to be painful and it's going to be choppy but you have to take a longer time frame than day-to-day. |
It's going to have to reach a point sometime in the future when the earnings aren't going to justify the valuations of stocks, |
Many OECD countries already have 60% participation in higher education, |
Microsoft is a tech bellwether. Even though technology has had less impact over the rest of the market than in the past, it's still a huge component of the market. We'll see if Microsoft's comments force people to sell the stock . |
no one buys it. |
People are a little cautious about the movement of futures ... it's a continuation of last week. |