We're struggling with higher energy prices and also the rise in bonds, which is providing some competition for stocks. |
Wednesday was a pretty good day. For that to continue, I would expect a recovery [on Thursday], and ideally in that last hour of trading. |
What a difference a week makes, from improprieties in the Japanese markets to still-higher oil prices amid diplomatic rumblings in the Middle East to less than stellar earnings. |
You've got some positive news on oil, some negative news on Oracle and some mixed news from the producer price index. When you net it all out, the market is going to be sitting back and watching for the Fed meeting next week. |