(It looks like) people came in and read about the bin Laden stuff and might have gotten a little nervous. Oil is up again, and you've got earnings too. |
A lot of what has happened has been caused by the quadruple witching. You might have seen people unwinding their positions yesterday and so today they come in little bit. |
Cisco (stock) was kind of stagnant, so it's nice for Cisco. It's not breaking out of a range or anything, but it's certainly positive. |
GM has just been a big dog, |
GM has just been a big dog. It can't get out of its own way. It's going to be a 'show me' kind of stock, until they show us they're actually not going out of business. |
Inflation is still relatively benign. Yields are down, which is helping. People are getting out of bonds and probably putting some money to work in equities. |
Intel came out with a warning and they're getting whacked on that. It's all Intel that's taking the market down. |
It almost reminds people of Enron, |
It almost reminds people of Enron. |
Oil moved higher, which kind of hurt us. We're in a kind of a tight range today, nothing really exciting about the day. |
People are asking themselves why they should be in the stock market if they can get a 5% return safely. |
The (Nasdaq) composite has broken out; it hasn't been here in a while. |
The drop in oil prices was a big surprise and the market is reacting positively to it. |
The president of the Philly Fed is saying the Fed has to adapt to changing circumstances, ... With what's going on in New Orleans, I don't think the Fed can raise rates. |
The president of the Philly Fed is saying the Fed has to adapt to changing circumstances. With what's going on in New Orleans, I don't think the Fed can raise rates. |