The action is good so far, but we need to see another few days of this -- with slight pullbacks and people then buying on those pullbacks -- for this to really indicate that some sort of bottom has been set. |
The advance is on the heels of good economic numbers this morning. Chicago PMI in particular took people by surprise. You also had some good earnings news from Disney and Honeywell, ... That turned the dollar around, which in turn pushed some of the geopolitical issues on the back burner. For a Friday, this is pretty good. |
The advance is on the heels of good economic numbers this morning. Chicago PMI in particular took people by surprise. You also had some good earnings news from Disney and Honeywell. That turned the dollar around, which in turn pushed some of the geopolitical issues on the back burner. For a Friday, this is pretty good. |
The backup in oil prices due to intensifying geopolitical problems is obviously weighing and will overshadow any bullish sentiment that's linked to earnings or economic data. |
The backup in oil prices due to intensifying geopolitical problems is obviously weighing and will overshadow any bullish sentiment thats linked to earnings or economic data. |
The breadth of the market is extremely negative. The decline is accelerating. It's feeding on itself. What we're seeing here is a combination of some sell programs and people beginning to have second thoughts. |
The breadth of the market is very negative. |
The Chicago number showed manufacturing has been picking up in the Midwest. That bodes well for the national number Monday, all of which supports the idea of a recovery, which is what the market has been betting on. |
The CPI was good news but still leaves that question mark about energy prices. The gasoline hike of the past three weeks was not included in it, |
The CPI was good news but still leaves that question mark about energy prices. The gasoline hike of the past three weeks was not included in it. |
The damage is done, ... So you want go buy for the rebound, which could be six to eight months away down the road. |
The deal in Internet helps, but the real reason the market is faring well is because of the end-of-quarter window dressing. |
The deal is positive for the market as it helps clear the air. Obviously, restrictions are going to be tighter in the future. |
The Dow and the S&P are lower; the only thing helping the Nasdaq right now is that it's so oversold. |
The Dow tried twice yesterday to get past 10,000 and failed, but I think it's really just a matter of time. We could see that happen by the end of the year. |