Oil is remarkably high, but at least it's moving in the right direction. |
People are looking for a pretty good earnings pick-up in the second half of the year. The rate cuts are certainly going to kick in. |
September tends to be the take-a-breather month, historically. I would guess the market over the next few weeks will be bound to a narrow trading range as companies begin to report earnings. |
The economic news isn't great, but it's not awful, so that helps. |
The fundamentals are improving, so that's great, but there's always the risk after the run-up of the market being a bit tapped out. |
The market has been miserable of late, so it's not surprising that we're seeing a little bounce now, aided by the three economic reports. The economic news isn't great, but it's not awful, so that helps. |
The run-up is probably due to a number of factors. |
There are still concerns that profits will slow considerably, and that will hit stocks. But I think there are a number of stocks that are just oversold at these levels. |
There's still a great deal of uncertainty. We've got a pretty worrying international situation. There is a decline in confidence in business leadership based on a few bad apples, and a certain complacence about the economic data. |
Things have been so gloomy, (but) now many people sense the bottom is here and we'll start to drift upward. |
This is going to be a positive year for the market, but the growth is going to be slow. The quick resolution to the Iraq war has been a positive and I think people took a lot of encouragement from that, which is why you've seen the run we've had, but the economic news has been mostly mixed. |
This is more air coming out of the Internet bubble, coupled with a bit of a flight to safety into the old trusted stocks. |
Until both the economic and corporate news start moving more consistently higher, you won't see another big move up for stocks. |
We are in the summer doldrums. Once we get into September, markets will probably rally because the fundamentals are strong but August tends to be a time of light trading. |
We started off with a bang yesterday, so it's not surprising that there would be a pullback. Plus, you had Home Depot's pre-announcement, |