17 ordspråk av Mike Driscoll
Mike Driscoll
A 70-degree weekend in November helps to dampen sentiment on energy stocks and it makes for a quietly better market. When the weather gets a little cooler, it changes people's psyches and they will warm up to energy stocks.
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A lot of people are viewing the rally in the Dow as being a little suspect. We've got a lot of earnings coming out this week, which would increase volatility.
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He submitted claims on behalf of numerous individuals,
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I think the market may focus on the gasoline numbers, which showed much bigger numbers than were expected. Eventually I think they're going to turn out to be negative for commodity prices and will probably weigh on energy stocks as well,
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I would have thought the big telecom deal announced would have brought a little more positive tone for the market, but people are trying to figure out how to play it. You do have a little softer tone in commodities after energy prices rallied on Friday.
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Investors are searching for sectors or groups that have not participated in the recent rally. Tech stocks have certainly been left behind by things like energy.
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It's certainly not a positive.
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It's just continued extreme volatility.
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It's the impression that the series of interest rate rises are nearer the end than the beginning, and people were bored after last year with the market flat on the year.
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Oil is strong and that is helping oil companies, but it is surprising the broader market is as strong as it is, given higher oil prices.
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Once the stocks do start to go (higher), a lot of people are going to feel like they missed the boat and be forced to scramble after some of these names. And that's what begets rallies.
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The apparent concern is that Wall Street would view such a move in a negative light, and cruise leaders are trying to (downplay) the long-term impact that rising fuel costs are having on their business.
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The best thing for the market this morning is probably the fact that gas and crude oil are retreating.
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The Boeing stock was out of favor for a long time. I think people are still kind of searching for stocks that may have been undiscovered and overlooked, and Boeing is one of them.
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The data that stands out is the gasoline inventories, which are up more than twice what was expected. The initial reaction is a little negative due to huge increase in gasoline.
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