The key is the fact that oil prices have skyrocketed, |
The last day of the year many years ago used to be the busiest say of the year, but that ended about 15 years ago. This holiday offers a three-day weekend and most institutions have closed their books by now. |
The low volume confirms that everyone is sitting on their hands. They don't want to venture until there is clarity on the Iraq situation. |
The lower oil prices go, the higher we may see the stock indexes moving this afternoon. |
The major companies have already reported and it's quite obvious that this market just can't shake the earnings syndrome. |
The market at the moment is oversold, paranoid and the psychology is sick. |
The market continues and will continue to focus on the war, |
The market continues to roar. Psychologically, it means a lot. It means the market will continue to move higher. |
The market has been saying all along that the recovery is strengthening. The retail and ISM [Institute for Supply Management] news today confirms that. Now with the Thanksgiving holiday out of the way and recent fears of terrorism on the back burner again, people have come back from the weekend ready to buy again. This is probably the start of the year-end rally. |
The market has been under pressure lately and that's one of the reasons we're seeing a little bounce back. |
The market has so far been ignoring the good economic news, but it's just a matter of time before investors shake off the fear factor. |
The market here is certainly very strong. |
The market is a bit nervous going into the OPEC meeting, but the real nervousness stems from the fact that we got some more earnings warnings which is making the market quite defensive. |
The market is beginning to focus on the rising price of oil. That, in my opinion, has rekindled doubt about what the Fed is going to do. |
The market is being held hostage by higher yields. But I think they are somewhat over extended at this time. |