This [is] a very unpredictable day, with a lot of moves and volatility, |
This [is] a very unpredictable day, with a lot of moves and volatility. September is the cruelest month for stocks. We've had disappointing earnings pre-announcements. The economy over the last few months has slowed down, and there's the Iraq situation too. |
This bull has shown us for more than seven years that when it pulls back it bends a little but doesn't break. You get a small price discount and buyers come right back in. And that's the sign of a bull market that has plenty of life left in it. |
This is long overdue profit taking in the momentum stocks. |
This is normal and overdue. But we've probably not seen the bottom. |
This is not a bad day. We started up and we turned around and now we're doing better. |
This jobs report is what's hitting the market. |
This morning's economic numbers were friendly for stocks, |
Today's rally was supported by better-than-expected earnings reports and strong economic data. |
Two emotions rule the stock market ? one is greed and one is fear. In March 2000, greed was extreme, the market was at record highs and people were yelling 'where has this gain been all my life?' But by February, early March of this year (2001), fear had reached a an extremely high level, reaching a crescendo on March 22. |
Uncertainty in Washington has greased the slide downward. |
Wall Street likes it when Uncle Sam stands tall. Wall Street likes a little war when we're in the right. It makes us feel good about our country and ourselves. |
We are in a market that is momentum driven with money chasing a few stocks, particularly Internets and high-techs. |
We are in a state of semi-panic in the markets. A lot of irrational depression and a lot of irrational selling is going on. |
We can't expect it to dance all night like it did three or four years ago. It's not a teenager anymore. But it's still a bull based on good fundamentals. |