Bernadette Murphy
Bernadette Murphy
advancing hard levels resistance running short sort start summer term
I don't think we're going to pullback right now, but I think we could pullback because we have been in this advancing phase. Our summer rally, it's been sort of a hard one to find. But we've been having a summer rally. So we could at some point, when we start running into resistance levels in the S&P and the Dow, have some sort of a pullback. But it will be a short term one.
decisive market pieces
Eventually, the pieces will come together, there will be a decisive trend, and the market will advance,
late looked
This is what a lot of us who have always looked at the VIX have a reservation about -- it's not the late 1990s any more.
economic hold level market modest numbers people support together until year
I think economic numbers are always important to the market. We're at a modest level of support here and I think that most people really want to see the market hold together until year end. But, it's really been weakening.
although banking basically focusing groups impact investors periods pressure realize starting stocks until
We've been focusing so much on tech. And we're starting to see that although these groups have periods of growth, they are basically cyclical... But until investors realize that, these things (Oracle's warning) are going to have a big impact on trade, ... that the banking stocks will come under pressure too.
explosive markets moves profit pull tremendous unusual
We've had tremendous moves -- and after you have explosive moves, it's not unusual for markets to pull back on profit taking.