[Other positives that may help temper the negatives this June?] Energy is likely to be a long-term bull market, ... Gold, too. |
Greenspan's comments will be watched, as well as the Treasury auctions over the next few days and the trade balance Friday, |
Greenspan's comments will be watched, as well as the Treasury auctions over the next few days and the trade balance Friday. |
I don't think these particular earnings are going to mean much for the market in the short term. |
I would guess that the trend is to the downside for the time being. With oil up around $55 a barrel, the economy slowing, corporate profits slowing, I think the market remains vulnerable. |
It's a slow recovery and I think the stock and bond markets are reflecting that. Job growth is not picking up at the level we had hoped, oil prices are up above $53 dollars a barrel, and the consumer is strapped. |
On the positive side, you still have seasonal factors working in your favor early next year. |
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Right now the stock market is following the price of oil, and in the intermediate term, oil prices look to go higher. |
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The other big negative is the historically powerful trend of the presidential cycle. |
The PPI number this morning was pretty scary, ... I think CPI of late has not been reflecting the true inflation picture and that's likely to change with next week's numbers. |
The PPI number this morning was pretty scary. I think CPI of late has not been reflecting the true inflation picture and that's likely to change with next week's numbers. |
Today was pretty skewed because of the gains in Merck and Pfizer at the end, ... Without that, the Dow would have been down today. |
Today was pretty skewed because of the gains in Merck and Pfizer at the end. Without that, the Dow would have been down today. |