It's been impressive. There's a lot of cash coming into the market. |
It's been such a nice run already, really a good run since August. I think the market is going to chop around here, maybe end the year just a little bit higher. |
It's frustrating right now because everybody says that stocks look relatively cheap yet everyday the market bounces around. Everybody is looking for the next hurdle. People are waiting to see what the earnings look like, and that seems to be the key driver in the current market. |
It's normal, it's healthy. The market is going to need to get a little more economic news under its belt before it can move higher. |
It's not surprising that the buyers are timid. |
It's really good to see, ... that there are levels when buyers step in. |
It's the same old, same old. Large cap tech is going to be in the doldrums for some time. |
Last week we were looking for three things: for cash to flow into mutual funds, tech stocks to do better and the market to end above 1,200. We got them all, so we were anticipating a good day today. |
Look at Philip Morris. Its stock value was depressed for a long time on litigation risks, but after all these years the value has finally come through. |
Maybe today is a sign that we can gradually move modestly higher without getting crazy. |
nothing happened in this economy is going to hurt the sales. |
Now everyone is chasing, |
Oil prices are up, GDP is down and we've got a little month-end cross section here, so we're seeing some volatility, |
One is: Hey, we blasted through the resistance levels, those are now my new support levels, My price objective's been achieved, maybe I should sell. |
Our pattern has been a tough month, followed by a good one, and it looks like we're due for a good one. |