Selling pressure was broad as the market extended its current modest setback to three days. |
The bears are going to have another miserable day, and they deserve it. The economic news points out that the economy is slowing from the over-heated pace in the first quarter. |
The bears just won't give and I love having bears out there. It keeps the market somewhat healthy. |
The best stimulant you can have for a market is an 'up' market, and it feeds on itself. The market is 90 percent emotions, and the mood shifted. |
The big change in this market the last month or so has been a mood shift from 'the glass is half empty' to 'the glass is half full', and that's why we've had a good rally and a very modest time-out to catch our breath. |
The bottom line is the market ran too far too fast, and we have to remove the excesses. Believe it or not, although corrections are no fun, they do improve the health of the long-term bull market. |
The economy is growing at a reduced but healthier pace. We don't anticipate any inflation problems, and corporate earnings are going up, up and away. So, yes, we're still bullish, |
The economy is growing at a reduced but healthier pace. We don't anticipate any inflation problems, and corporate earnings are going up, up and away. So, yes, we're still bullish. |
The economy is showing definite signs of slowing down to a healthier rate of expansion. I think the reason, good or bad, could be laid at the feet of the Fed. |
The Fed made a dramatic move today and it was needed, |
The Fed sounded a bit less certain about the need for future rate hikes, saying further policy firming 'may' be needed. |
The fundamental news and the inflation news remain quite positive. We had that big six-week rally in October. Stocks at this exact moment just don't seem ready to stop this correction. |
The futures are flat this morning. We've had eight days of a good rally. The short-term momentum is still up for Wall Street but stocks are looking extended. |
The long-term trend for the economy and the market remains bullish. |
The main impetus behind the selling was the employment figures. |