102 ordspråk av Paul Mendelsohn
Paul Mendelsohn
There's been a lot of selling in the blue-chip area over the last two weeks, with a rotation into high tech, and that seems to be continuing today.
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There's the potential for a rally in the next few weeks because the market is extremely extended to the downside, and this is historically the place where momentum players would come in and do well.
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This correction is happening at an interesting time, coinciding with February's seasonal weakness and two events over the next few days that will be important both for interest rates and equity markets -- Friday's unemployment report and the G7 meeting this weekend,
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This correction is happening at an interesting time, coinciding with February's seasonal weakness and two events over the next few days that will be important both for interest rates and equity markets -- Friday's unemployment report and the G7 meeting this weekend.
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This is a very difficult market to figure out. I think you have a lot of buying under the surface, but professional traders are hedging themselves and that's causing this lack of volatility.
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This is the first crack in the home building area, ... Home building has really driven a large portion of this economic advance, and any drop in this area of the market would have very powerful ramifications for GDP growth.
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This is the first crack in the home building area. Home building has really driven a large portion of this economic advance, and any drop in this area of the market would have very powerful ramifications for GDP growth.
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This morning we're being dominated by two factors -- positive news across the pond and a little bounce off of yesterday's sharp sell-off.
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Wal-Mart concerns some investors in here. Retail sales seem to have been good overall. However, Wal-Mart reported that they are only going to grow 0.7 percent and the market was expecting 2 to 4 percent.
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We had a good rally based on the election outcome and it was totally as anticipated.
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We saw a breakdown in financial stocks today. Banking stocks ran into some selling as we tried to push higher. We also had a pullback from the earlier rally in the technology, semiconductors and oil stocks.
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We'll have to see whether we keep firing on all cylinders here. If oil prices drop down back under the $60 level, that could impact the oil (stocks) side of the equation.
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We're at pretty high levels on the indexes, there's a lot of economic news coming out over the next few days, and Friday is a quadruple witching day, all of which is adding to the volatility and the pullback.
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We're back to the point where a good payroll number will be seen as bad, ... particularly since (Treasury) bonds have been setting up to sell off.
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We're finding earnings are very spotty. One day we're good, one day we're bad, the market's choppy.
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