We don't need a cause and effect here. We have bear psychology gripping the market so there's general apathy toward taking positions -- rallies are viewed as short-lived and trader-oriented. |
We keep trying to see a consensus for when things will bottom out. But then we keep getting these numbers that would seem to undermine that. |
We rallied off the fact that we had a slow economy in August and here, in September, we're now seeing the reality of that, ... Combined with the fact that the euro has lost 14 percent against the greenback this year is really casting a pall on equities. |
We ran 8 percent in four sessions, and now we're giving some of it back. It's just good old-fashioned, healthy profit-taking more than anything else. |
We still believe that technology is the story, ... and we remain bullish. |
We understand the manufacturing side is in a recession. The question is, Will the data bring forth a more forthright (aggressive) Fed? |
We'll keep an eye on the (economic) data, but by and large, I think we're going to be focused on the earnings day to day. |
We're [seeing] some good old-fashioned short-covering in over-sold market conditions, |
We're [seeing] some good old-fashioned short-covering in over-sold market conditions. There's a 'take no prisoners' kind of market mentality at play. Investors are playing it close to the vest and the feeling is that more can go wrong than can go right. |
We're coming to grips with the reality that we had an economy that was cruising at 3.6 percent and is looking at 2.7 (percent) or below in the third-quarter as a revision. The question is how soft a landing are we going to get. A more conducive monetary policy would help the plight of stocks but we've got to see some data to support that notion. |
We're definitely at a hard point here, with inflation and interest rates kind of looming over everything. |
We're definitely at a hard point here, with inflation and interest rates kind of looming over everything. We have a market that's had a very rough October so far, and while you've got earnings coming up, that's not going to be the silver bullet for the market that it was in the second quarter. |
We're giving back a little, but you need to put it in perspective, |
We're giving back a little, but you need to put it in perspective. The Dow lost 1,700 points from July 5 to last Wednesday, and then made up north of 1,000 in four days. So a little profit taking, particularly when you've got weak consumer numbers and other factors is certainly no surprise. |
We're hoping for the 'bad news is good news' syndrome -- that we will continue to see signs of a slowing economy and that will make the Fed more accommodating. |