What this does is it keeps buyers away. It's a lack of buyers. And they would prefer some certainty. |
Whenever the market is as oversold as it is right now, it's typically been a good idea to do some buying. The question is what to buy and the lack of a 'go to' area is keeping investors on the sidelines. |
You get a kick in the market that draws in the buyers. I think we're in a trading range and are getting into the bottom half of that trading range. |
You're getting money flowing back into some of these big stocks and the tone is good. What's powering it is optimism that at some point and time, we're going to get this final turn in earnings -- it's buying with the thought that you don't fight the Fed. |
You've lost your earnings catalyst so we're moving away from the second quarter. With the economy moderating you're looking at earnings estimates that are too high and have to come down. |