19 ordspråk av Scott Wren
Scott Wren
Earnings have been much better than we expected, so I'm guessing the Nasdaq situation is purely a result of Dell cutting its outlook going forward.
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Energy prices really have fallen to a distant second as far as concerns for the market. The big concern is whether the Federal Reserve is going to keep raising interest rates and, if they do, whether that's going to slow the economy too much.
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It just hammers home to the Fed that the economy is slowing and they need to stop raising rates.
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It's ugly out there, but I don't think its going to get much worse going forward.
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Most companies want their stock to be appealing to a wide audience.
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Right now, anything that points to a slowdown in the economy and is less inflationary is good news, ... The market wants data that's modestly positive.
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Right now, anything that points to a slowdown in the economy and is less inflationary is good news, ... The market wants data that's modestly positive. Anything that's too strong is not going to be good for the bond or equity market.
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Technically, today looks bad as far as market action goes,
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Technically, today looks bad as far as market action goes. It reminds me a lot of late 1999 to early 2000 when people thought the good times would never end. Now they think the bad times are never going to end.
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The attention focuses on higher profile misses, and we had a couple early in the season. Since then we've had some good numbers.
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The data drives home the fact that the economy is slowing and the market wants slower growth. Right now, the market is focused on what the Fed is going to do because the Fed's been a headwind for stocks.
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The economic news has been very good, but the Fed remains somewhat of a mystery. It's the same problem that's really held us back all month and it'll continue to be a problem until we get some more clarity from the Fed.
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There seems to be a lot of uncertainty about what the Fed is going to say. It seems a little early, given the meeting is next week, but I do think people are just waiting around for better news.
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There will be some uncertainty and this thing will rally. It will be the wall of worry rally. I feel pretty comfortable about that.
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There's not a lot to trade off. You're going to see just some back and forth trading.
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