(Biotechnology) is keeping the Nasdaq up, ... As bids start to firm, money is flowing back in, and that's causing the Nasdaq to outperform the blue chips. |
(Microsoft) has been trading like the company (had already) lost the antitrust case against the government. The stock has been extremely weak compared to its sector and especially since the company has already reported earnings. |
(The GDP) doesn't justify the slower earnings picture later in the year, ... There's a little bit of saving grace in there because we're seeing a strong economy still with no dramatic inflationary prospects. |
(The GDP) doesn't justify the slower earnings picture later in the year. There's a little bit of saving grace in there because we're seeing a strong economy still with no dramatic inflationary prospects. |
[Although there had been some worry that the usual year-end came early this year,] I think the market is going to adhere to tradition, ... and we'll probably see the market continue to move up through the end of the week. |
[Analysts said the recent action was mostly driven by traders rather than long-term investors but they say it's just a matter of time before investors return to the buying fray.] I think the investors are a little bit gun-shy right now, ... I am impressed by today's behavior and I think investors should believe the economy will recover. |
[Analysts said there was no fresh fundamental news to support the selling but noted that the recent rally was overdone.] I think it was just a general sell-off after a very nice rally, ... The rally lacked volatility and conviction. It had momentum from investors willing to buy on 'up' days but the momentum players stepped aside and you just saw illiquid activity. |
[In a broader sense,] the market is strong and getting stronger, ... I'm looking for a rally to last until the first or second week of December before it dries up. |
[Of those that have reported results so far, most of the news has been upbeat. However,] the market is looking ahead, ... It's looking to the second half of the year and to 2006, and there is a concern. |
[The lesson here is to maintain some modicum of cautious optimism.] I think the trend is so important here and it's starting to be developed, ... But in light of everything, even if the Fed does back off, the thought of a 'hard' versus 'soft landing' is still going to be out there -- which is going to prevent outrageous gains. |
[This sentiment report] bodes well for consumer spending, ... It probably justifies a bit more the market rally. |
a big tug of war between the bulls and the bears...and the bears keep on selling on the strength. |
A lot hinges on the numbers. If they're good, the market rallies. If we get any suspicious numbers, or more accounting-related stories coming into the fray, we're looking at lower prices again. It's a time of caution and some confusion. |
A lot of money left the sector last week over concerns that valuations were just too high. But there's still a lot of interest in technology. |
A lot of the gains are due to the earnings story. |