The semiconductor index right now is a broken index. Until it finds some support, it will continue to sell off and that tends to drag down the market as a whole. |
The storm is drifting east, and the further east of Houston it gets, the less damage it is going to do to refineries in the Houston area. |
There are some concerns about retail sales but they don't seem to be weighing on the market. |
There is so much cash in the corporate coffers out there, that I think you can probably anticipate there will be more mergers happening. |
There's not a lot happening ... it's just really, really quiet. You might see this kind of action through Labor Day. Typically, this just isn't a good time of the year to put money to work. |
They like the CPI news this morning and the action in oil markets, with oil down 2 per cent. Investors are less worried about inflation, and with energy prices coming in a little bit, that will give more money for the consumer to spend. |
They like the CPI news this morning and the action in oil markets, with oil down 2 percent. Investors are less worried about inflation, and with energy prices coming in a little bit, that will give more money for the consumer to spend. |
They'll be looking at the PPI with a real hard eye for what inflation is going to be, |
They'll be looking at the PPI with a real hard eye for what inflation is going to be. |
They're taking oil higher because of the inventory numbers, ... but the thing with oil is that there's a lot of whipping and sawing in the oil pits, a lot of things pushing oil around. |
Things are going to be very, very quiet today, because I?m sure half the portfolio managers in New York and in Boston are going to stay home. |
This is more or less a continuation of the October effect. Since about mid-October, we've been rallying and that's traditionally the time you're going to see that. We've had some nice earnings reports in the last week supporting a rally and we're probably going to continue to see that. |
We got hit so hard at the beginning of the week, |
We had a great run and I think it's time for a little pause as we reflect. |
We had a very nice rally, primarily due to the fact that we had oil down, and there was some relief that the convention passed without incident. |