This rate cut is more symbolic, but it also causes a great deal of a psychological benefit to the market. |
This was a nice way to start off the new year. A lot of this was driven by the fact that the Fed confirmed that end is in sight. We've held onto the belief that when the Fed ends that stock prices will go up. We'll still have rate hikes but the market is celebrating that we'll see an ending sooner than later. |
TI wasn't as bad as predicted. We priced in the worst-case scenario, and it wasn't the worst, ... We're realizing that, yeah, spending on IT (information technology) is slowing, but it's not stopping. |
TI wasn't as bad as predicted. We priced in the worst-case scenario, and it wasn't the worst. We're realizing that, yeah, spending on IT (information technology) is slowing, but it's not stopping. |
Today was one of the days where everything was negative. The market did hold in there pretty well, though. We're finishing up the week showing how much volatility we should expect over the next few weeks. We should be pleased we ended up where we did because it could've been a lot worse. |
Today wasn't much of a day. There was a lot of positive news and the economic data was good, but the reaction was a very quiet, almost muted one. Tomorrow may be even quieter in terms of volume as we approach the end of this holiday-shortened week. |
Today we had some positive economic data and we came into the market oversold, ... I don't think we've fixed the oversold position -- I think we're still cheap. Tomorrow there will be some focus on factory orders and Cisco earnings. |
Typically, when you see a deal like the P&G-Gillette thing, that would help us out, particularly on a Friday. |
Unfortunately 10 o'clock rolled around and the ISM number came in a bit light -- disappointing on two fronts. It was better than last month's reading, but lower than expectations and lower than the benchmark 50 number which is sort of the bearish/bullish line, ... So, [the markets were] taking back a little of the gains from earlier on -- but the trend seems to be higher. |
Unfortunately, everyone else is guilty by association with Procter missing (its earnings estimates), and everyone worries about who else in the Dow will miss, ... I think it's a clear sign of investors' overreaction. |
We are in an environment with friendlier interest rates, |
We are starting to see (economic) stabilization and, I think the fact that the Fed didn't make a move speaks to that. |
We bought on the rumor and are selling on the news, ... We've priced in the victory here. There's very low participation -- there's just no money in the game. Folks are starting to shift focus now. |
We came into the day, week, month with the same three worries -- earnings, the economy, and geopolitical concerns. We're still dealing with all the same negatives and the selling is pretty broad. |
We celebrated the fact that (the Fed) was much less stern on their rhetoric yesterday (Wednesday), but today the party is over and a slower economy may have an adverse effect on earnings, |