Art Hogan
Art Hogan
ahead bid close fed frame hope market monetary people policy time tired tomorrow waiting within
People are bid up the market by the close to get ahead of the Fed on the hope of a 'Fed bounce' tomorrow (Tuesday), ... We're still well within the time frame of the Fed's monetary policy stimulating the economy, but people are just tired of waiting for it.
bargain hunting yesterday
Yesterday was all about valuations and bargain hunting, ... It's not just about bargain hunting today.
anyone certainly convinced either jumping stocks
We're certainly not convinced that stocks are either pricey or inexpensive here, ... So you're not getting anyone jumping in one way or another.
adverse celebrated economy effect fact less party rhetoric slower stern today yesterday
We celebrated the fact that (the Fed) was much less stern on their rhetoric yesterday (Wednesday), but today the party is over and a slower economy may have an adverse effect on earnings,
came dealing month negatives selling three worries
We came into the day, week, month with the same three worries -- earnings, the economy, and geopolitical concerns. We're still dealing with all the same negatives and the selling is pretty broad.
coming might numbers surprise upside wages
We've got some big numbers coming out (Thursday). Any upside surprise to wages might put a little spook in the market.
baked best outlook quarter question seen statements
Outlook statements for the first quarter are the best that we've seen in some time, but the question is, how much of that is already baked into the market?,
happens regardless stocks
Regardless of what happens in the economy, we're going to use these products, ... These stocks are also oversold.
broader compared concerned economy economy-and-economics half investors lows market process second surprise test
It didn't really come as a surprise -- but, having said that, the broader thought process that the economy isn't doing well in the second half compared with the first half has investors concerned that we may need to test the lows of the market again.
household lead pick theme winners
I think the theme is going to be that you have to pick the winners, and I think the winners are going to be the large-cap household names, like IBM, Dell, Microsoft, Cisco, and Intel. I think they'll lead us for a little while.
convinced excited future optimistic oracle rebound second
Just because Oracle is up and is optimistic about the future is not getting us excited about everything, ... Nobody's convinced there will be a rebound in the second half.
low next players sleepy volumes
There are sleepy volumes and low participation. There are no players around. Next week, unfortunately, is going to be the same.
certainly confident hear helps months
It certainly doesn't hurt, ... It always helps to hear her say that she's still confident but it's 12 months out.
continues moved news path perspective resistance upside
Microsoft's news was put into perspective as the day moved along. The path of least resistance continues to be to the upside for this market.