The big news is clearly the payroll report. |
The bottom line is clearly the Fed has dashed the hopes of a hiatus after this January increase. |
The differentiation between the biggest and the best companies with the most name recognition is a development that usually occurs during a market correction and when uncertainty starts to creep it, ... This trend will continue. |
The Dow is still going to attract because investors still want to diversify away from a purely tech portfolio and find value. |
The Dow seems to be lifted because people are trying to resurrect the old growth stocks and giving them another try as a safe place to hide. The perception is that some of these companies are not currency- or energy-dependent enough for earnings to get hurt. |
The economic news today has not been very supportive of a strong economic scenario. |
The economic strength that we've seen in the last six weeks has been what I call deflationary. |
The Enron fallout is going to continue, ... We haven't seen the end of it. |
The Enron hearings aren't going to help a lot. |
The Fed is still maintaining its supportive stance. They are not going to raise rates until the economy begins to generate more jobs. |
The Federal Reserve is not here to support the stock market. This move yesterday (Wednesday) was done for economic reasons. |
The focus point of the market this week is going to be tomorrow. If anything, I'm hoping for neutrality out of the Fed. |
The fundamental environment, because we still have a whole host of earnings reports to come out, could work to slow the rally. But much of the pain and punishment has already been absorbed prior to the end of the quarter. |
The fundamentals are clearly what investors continue to fall back on for their leadership and that leadership seems to be resting with the 'old economy' and the Dow. |
The hesitancy is still there for the simple reason that companies have another two weeks of warnings before results are actually announced. |