We've got more ongoing focus on the bond yields. We've been in lockstep with it all week, and today is no different. There aren't any market-moving items due today, so we'll look at energy prices today for something else to drive the market. |
We've got some big numbers coming out (Thursday). Any upside surprise to wages might put a little spook in the market. |
We've had a few good days and the only economic number we had today was the jobless claims, ... People are starting to get nervous -- if the jobless claims look like that, what will the unemployment rate look like, and that's the driver. |
We've had a lot of bad news today -- the economic data, Cigna and the insurance sector is doing poorly, a bunch of companies missing estimates or warning -- but this is a market that really doesn't want to sell off, |
We've priced to perfection, so you're going to have a little bit of a retrenchment, |
We've seen some really good stuff and some really rough stuff, ... The market has worked its way through a bottom, at least on the Nasdaq and S&P. Money is rotating, so that means it's staying in the market and that's good news. |
We've shifted focus here. It's been earnings, earnings, earnings all week, now its the economic reports, ... Unfortunately, it's a mixed bag and the biggest surprise was the GDP reading. |
We've sort of gotten through the meat of earnings season, and we're going to start focusing on the state of the economy. |
We've sort of run into resistance, we need a significant catalyst to move us further and it's just not there. |
What Goldman is saying about Sun and EMC is IT (information technology) spending hasn't picked up that much, ... But we're more concerned about the economic recovery, so the data will probably play a larger role. |
What we've gotten, in terms of economic data and earnings, is no sense things are picking up ? they're (investors) afraid of another ledge to go over, |
When that happens, we typically have a slow day. You'd be hard-pressed to find anyone making big commitments. |
When the Dow was doing its swan song yesterday (Thursday), the money was staying in the market and rotating into tech, ... That's the first time that's happened this year and that's good news -- folks are changing their minds about the sectors but they're staying in the market. |
When the Federal Reserve is in a (interest rate) tightening mode it's difficult to get excited about old economy stocks, |
When you have a low volume Friday selloff, you'll sometimes see the bargain hunters come back in Monday. |