Bernadette Murphy
Bernadette Murphy
finally hitting market move nice price shows yesterday
We finally have more advancers than declines, yesterday and today, which is very important. It shows us that the market move is broadening out and we're hitting very nice price levels,
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.
average basis bull closed gain market past percent percentage roughly scope stock within
Over the past 50 years, the average gain in the stock market has been roughly 16 percent a year. That, considering where we closed at the end of 1995, would put us just under 6,000. Those are big numbers, but on a percentage basis they're within the scope of a bull market.
market positive
Overall, the market is a positive one, but I still do think that we're trading-range bound.
growth held retailers
While some of the retailers have been under a lot of pressure, Kohl has really held its own, because it is a growth retailer.
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.
areas concerned gain loss market
We are concerned about the gain and loss of confidence, but there are different areas of the market that are depressed.
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.
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.
almost amount investors late mind percent process
We went through this whole process in late May and we had a 7 percent correction. We regained almost the whole amount that we lost, and now with these numbers, investors are right back in the same mind set that they were at the end of May.
applied critical happens highs industry lower materials reached sold sort trading watch
The semiconductors: Applied Materials is sort of like a kingpin for that whole industry -- and their earnings. It's going to be very interesting to watch the reaction. Semiconductors actually reached their highs in March. They sold off, and set lower highs in June-July. It's critical that they get through those June-July highs. And so we're going to have to watch them to make sure. They're right now at the lower part of their trading ranges. It's important to watch what happens now,
buy corporate drive economic industries investors market positive profits seeing stock stocks
Corporate profits are what drive the stock market. On the economic front, we have been seeing a slowdown in some industries like housing. And so that could be a positive but may be, may not be, enough for the Fed. But corporate profits are always what drive a market and why investors buy the stocks of companies.
correction few next percent
I've been anticipating a 7 to 10 percent correction over the next few months.
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.