There is still going to be a lot of uncertainty through the next few days, ahead of the data. |
There's a certain amount of anticipation about earnings. The earnings focus is likely to be tech and Intel for the next few sessions, and then Thursday and Friday, it's all about the banks. |
There's been a pare back and pause motion going on in the market. As we move into a holiday weekend, it could be a good thing that we don't get too far ahead of ourselves |
There's still a huge disconnect between the recovering economic factors and the stock action, and corporate governance concerns are a big part of that. |
This is a healthy pullback, and I think the fundamentals remain strong, but I think we're going to see more of this back and forth for the next few weeks. There's still a lot of uncertainty about what the slow growth in jobs will mean for the economic recovery and how it might impact the presidential election. |
This is more a digestive phase. You have a market that's grasping and hoping to try and put a finger on the bottom. |
This morning it was really a story of positive earnings on the tape and no major hiccups on the economic front. All in all, it's going to play out as a respectable but not blow-out earnings season. |
This number is clearly the basis for our weakness, ... The economy's recovery has hinged on consumer strength, so this number becomes more significant. |
This number is clearly the basis for our weakness. The economy's recovery has hinged on consumer strength, so this number becomes more significant. |
Today's (Tuesday) trade is best summed up as skittish consolidation. We're struggling for direction in thin trade with people reluctant to do much ahead of the anniversary. You saw a late-day reversal yesterday (Monday) from the morning's lows and you're seeing a little pop-up right now, but it doesn't mean anything fundamental. Program traders are dominating the day to day. |
Ultimately what we're trying to come to grips with is the fact that we understand that second-quarter earnings are not going to be good but the timing of a recovery is hanging over our head. We'll get some forecasting, looking out, but it's what those forecasts say that puts proof in the pudding. |
Volume has been paltry and it's not looking much better today. It's typical August trading. |
We are in a bit of a news vacuum as we wait for the deluge of corporate earnings reports. |
We are jumping over lower hurdles. But there are more constructive comments going forward. |
We came into the year with some selling pressure, we saw a bounce back for two days, and now we're seeing a pullback. |