People are holding their breaths, waiting for an impetus to move, |
People aren't going to chase those types of rallies anymore. Investors have been burnt too often and we're going to have a choppy market going forward, |
Reality is setting in. It is going to be extremely difficult for the market to rally. The market showed resilience from $40 to $60 a barrel, but I don't know about $70. |
Right now, people are more inclined to own blue chips than speculative stocks, ... It's a little bit of a valuation play. |
Right now, people are more inclined to own blue chips than speculative stocks. It's a little bit of a valuation play. |
Stocks have basically been predicting the economic slowdown since January and we've seen that anticipated weakness in the recent numbers, |
Stocks have basically been predicting the economic slowdown since January and we've seen that anticipated weakness in the recent numbers. |
Tech stocks have done better recently, so it could be some profit taking. |
That seems to be the latest reason to sell. |
The corporate news has stopped deteriorating and it some cases is just flat. |
The employment report is next week's highlight for stocks. |
The Enron news may have been enough to distract people today, or if not, then maybe kept investors to the sidelines to take a look at what their position is on some of the companies that they were buying. However, it did have a drag on the market, |
The Enron news may have been enough to distract people today, or if not, then maybe kept investors to the sidelines to take a look at what their position is on some of the companies that they were buying. However, it did have a drag on the market. |
The latest news of the missile strike in Gaza pulled the legs out from under buyers. They stopped buying today and the market just pulled back. |
The magnitude of how many people were involved today caught people's attention in a way it hasn't before. People are no longer convinced these attacks are random and they are starting to worry about how they will affect the economy. |