There's a panicky feeling that the telecom weakness could spread across tech in general, |
There's a panicky feeling that the telecom weakness could spread across tech in general. |
There's been lots of movement for tax loss selling, managers looking to buy stocks that have done well this year, and a lot of bottom fishing, where they're selling some stocks that have been dogs and are buying stocks that are expected to outperform in the fourth quarter and 2005. |
There's going to be no true market direction until the earnings picture and military actions become clearer. |
There's no economic news out Friday or Monday, and the economic news the rest of next week is not hugely influential, |
There's nothing fundamental driving these gains. The Nasdaq had sold off over 10 percent, the Dow and the S&P had started to correct as well, so you're seeing a bounce off of that. |
They had an opportunity to get tech really rocking if they said something positive, but instead, they guided lower. |
This is purely a technical rally. There is no economic news, no company or sector-specific news that's causing this, |
This is the fourth day in a row where there's been disappointing economic news, and the market is reacting to that. People are also doing a little consolidating before the weekend. |
This movement in the bond market is amazing, truly unprecedented. People are starting to sell fixed-income and put that money into stocks. Equity is starting to look like this undervalued dark horse worth betting on. |
This week is pretty light on the economic news. The first-quarter earnings should be good and should provide some sort of cushion for the markets. |
We have no economic numbers Monday and my sense is that the market is going to keep consolidating for the next few sessions, before we make a bottom and then build from there |
We were having a nice strong day, up until about 12.30 p.m. when the market started to come off [its highs]. |
We're flirting with key technical support levels. Markets rally but then can't sustain. There's continued nervousness about accounting and corporate profits, but no catalyst to move us out of it. |
We've been on a tear and it's just kind of flattening out today after hitting some near-term highs yesterday. |