The question is, 'How long will it take to rebuild confidence?' |
There are a lot of bad things happening right now in the Bush White House. Obviously, leadership at the highest level is very important to investors feeling comfortable about making investment decisions. This is probably the darkest or the lowest point in the Bush presidency. |
There are a lot of mixed signals right now. Some of the negative tone has to do with the fact that we're starting to see more human casualties. There's a weight on the market that this is getting really messy. People aren't used to this kind of war. |
There's more of a mentality to buy on weakness. |
This is like the perfect storm, with all these negative factors coming together at once. |
We had a pretty dramatic sell-off yesterday, so it's to be expected that you are going to get some type of 'dead cat' bounce in this market. GDP numbers are helping somewhat, but it was pretty much in line, |
We had a pretty dramatic sell-off yesterday, so it's to be expected that you are going to get some type of 'dead cat' bounce in this market. GDP numbers are helping somewhat, but it was pretty much in line. |
We're seeing better earnings, and that's making people more enthusiastic. But programs have been skewed to the buy side. To be honest, this is probably not sustainable. |
We've had some pretty good gains in a lot of sectors lately that need to be adjusted. The encouraging thing is we're not seeing a lot of volume, so there aren't a lot of sellers out there. |