It's a defensive market right now. People are worried about valuations. |
It's certainly nice to see green on the screen for a second day. |
Just because near-term news is lackluster, it shouldn't scare you away from your hopes of an economic recovery later this year. |
More than anyone else, tech and telecom companies are being hit hardest by the slowdown in capital spending, ... They still seem to have more inventory and the pickup in demand simply hasn't been there. |
My sense is that something is going to get people bullish before the end of the year, but it may not be the events of next week, |
My sense is that something is going to get people bullish before the end of the year, but it may not be the events of next week. |
Nobody expected a rate cut, but a few kinder, gentler words would have been nice. Such language might have buoyed the markets because clearly we are entering rough waters. |
Obviously, Yahoo! started the Nasdaq off on the wrong foot and then we rebounded. We're starting to see a pattern here of tech investors already having braced themselves for the bad news and the market strengthening as the day goes on. |
Oil and inflation are always a concern. It's the main driver for why we've seen this defensive market this past week. |
Oil is starting to weigh on us a little bit. You ask yourself is the Fed really going to stop raising (rates) if oil and gasoline are at such high levels. |
People are really starting to worry about earnings again. This is a pattern that started in September when the tech market started selling off pretty hard. We're going to have a tough quarter ? it's hard to see what will get people excited about the markets over the next couple of months. |
People are sitting on their hands and waiting for the Fed next week. They're looking for the data and trying to see whether inflation's picking up, and whether growth will slow if the Fed does raise rates. |
People have been worrying about consumer spending being impacted by the price of oil. Those concerns remain, but today you're seeing less of a sense of panic about it, and that's allowing the market to stabilize. |
Potentially you could get a resolution [to the White House question]. You could get a short-term rally on that. |
Retail sales came pretty much in line with expectations. |