It think they will match the numbers. |
It was a very disappointing session. You would think after all these down days we would get a bounce, but when the market gets in a funk, it puts a negative interpretation on everything and finds any reason to sell off. |
It's a lot of different factors. Auto sales were no surprise, but that's hurting the Dow, with GM falling, the dollar is down, you've got Warren Buffet making bearish comments, and then there's the usual malaise with Iraq. |
It's a special situation. Individual stocks that are heavily weighted are doing well. |
It's been a really volatile week. I think the bottoms that we made this week will hold, but that's small consolation. |
It's really impressive. It just keeps going, regardless of what the news is. If there is any pullback, it's going to be minor. |
It's such a knee-jerk reaction. I don't think that what the Fed said justifies the kind of reaction we saw. I would like to think that we could rally back after the certification is completed tomorrow, but I don't know. I am just stunned by the extent of this decline. Hopefully, it was a one-time reaction. |
It's two things. The old cliche is that the market hates uncertainty. So this removes the uncertainty. |
Markets are going to drift in this range ... until corporate profits and GDP (gross domestic product) start to improve. |
Maybe Exxon will go up a little bit today because they beat the earnings; but remember, the stock has dropped 7 points in the last couple of weeks. So I would say this is really not a very dynamic investment. People like it and get a little dividend. You are really wasting your time with these stocks because you invest money in them and in two years, you have the same price as you had from the time you invested. So you really, in a sense, lose money by owning these stocks. |
Next week is the big one for earnings. You've got Microsoft, Intel, all the banks. |
No one wants these old-time stocks. People realize the only way to make money is with these new-era (technology) stocks. |
Normally, lower rates would be seen as a positive for stocks, but in this case, it seems like the Fed is behind the curve and the Fed is supposed to be leading us out of this. For months people have been talking about the disconnect between the economy and stock prices. Now it's starting to seem like that disconnect is narrowing. |
Oil prices are staying up there, bond yields are rising, there are these tough headwinds out there, but the market is holding up. |
On the surface, the Microsoft news was terrific. When a company says it's paying a dividend and announces a 2-for-1 stock split, that's usually a sign of good things to come. But then they warned about the year and said IT (information technology) spending wasn't going to pick up, and so the stock is selling. |