I think the rally just ran out of gas. You're right at the beginning of the earnings reporting, and all the good news is priced in, and buyers are getting a little tired. I think it's time for a little pullback. After we see a little consolidation, then we can go higher again. |
I think this is a continuation of what we've been seeing for the last six or seven weeks, with the exception of last week, |
I think we probably need to take it even lower before the correction that we've been seeing is done. |
If companies are not giving optimistic guidance, that's causing some ripples and some concerns in the market. |
If the rate increases do stall out at 5 percent, I think there's still tremendous upside room for this group of stocks. Rates will be a very key metric that's going to determine whether these stocks make new highs or pull-back. |
If they feel like the consumer is losing his strength and his spending power in the market, and he's going to be putting more money into savings, that's going to make the market nervous. |
In the first four months of the year, people made a lot of moves, but since then, I think people have been sitting on their hands a bit. I think that will continue in the next week, but a few weeks from now, it gets more interesting. |
It's a quiet day before Easter, and we're waiting for the bunny. You have people not wanting to make moves before a three day weekend, and you have some fears about terrorism -- with Rice speaking, and because this is a religious holiday. |
It's been a steady, slow grind down, the same thing we've been seeing for weeks, |
It's been a steady, slow grind down, the same thing we've been seeing for weeks, ... You have the financials getting hit hard on the Enron stories and concerns about debt. Citigroup is heavily weighted and it's having an impact on the rest of the sector. |
It's been a steady, slow grind down, the same thing we've been seeing for weeks. You have the financials getting hit hard on the Enron stories and concerns about debt. Citigroup is heavily weighted and it's having an impact on the rest of the sector. |
It's been pretty quiet all week, volumes have come down...You have pretty significantly reduced volume here in August, ... This morning there was nothing to really move the dial on PPI or jobless claims. |
It's been pretty quiet all week, volumes have come down...You have pretty significantly reduced volume here in August. This morning there was nothing to really move the dial on PPI or jobless claims. |
It's just a bad day overall. |
It's just drifting up today, there's no one catalyst, |