27 ordspråk av John Pickett

John Pickett

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 dipping a cautious toe in, and I'm sure they are still holding a lot of cash on the sidelines, waiting to see how earnings come in.

 I talked to a lot of senior guys on the floor. And none of them had any real answers.

 I think of the sights and sounds and mad rushes of feeling and sensations that come over you all at once when you're in New York,

 I would have expected the rally to continue tomorrow, but I think this after-hours news may put a break on it.

 I'm not really sure what the market is showing us here, ... Seven hundred and eighty million shares: That's not a lot.

 In the past four days prior to Friday we packed in two weeks worth of work. On Tuesday people didn't just get hit; they got decked.

 It felt like a real relief rally. Also on the Dow, we hit a key technical level and we were able to bounce back from it.

 The 8,200 level has become a point of support for the Dow,

 The Dow tested it this morning and didn't break it. That's when buyers scrambled to use it as an opportunity to take some stocks that have been beaten down.

 The Nasdaq hit its Sept. 21 low, it held that level and then you saw it starting to rise. There was a lot of short-covering and there's really only so much that short-covering can do to the market. I am afraid it may be only a temporary measure here.

 There was tremendous buying momentum at the close, especially in the last 20 minutes. The shorts jumped in, the institutions ... It was a technical buyback, ... But it still was a very encouraging day as far as I am concerned. People are feeling more confident about this market now.

 There was tremendous buying momentum at the close, especially in the last 20 minutes. The shorts jumped in, the institutions ... It was a technical buyback. But it still was a very encouraging day as far as I am concerned. People are feeling more confident about this market now.

 There were no major surprises.

 They are three very good reasons right now for people to sit on cash, ... If you can somehow remove one or two of those obstacles -- and I'm thinking of earnings coming in the beginning of July -- we might get some people to get off their hands and get into this market.

 This is a market of momentum and right now the bulls have the bears pretty much in a bad spot and I don't see anything (in the next few weeks) to turn that around.


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