Brian Finnerty
Brian Finnerty
acting attack last news saw week
The market's actually acting very well, considering the run-up we saw last week and the attack news over the weekend.
anymore catalyst negative saying sentiment skeptical tech turn type wants
Everyone is negative, skeptical and pessimistic. No one wants to own tech anymore and everyone is saying valuations are too high. You need some type of catalyst to turn this negative sentiment around.
buyers catch drops falling strike
The drops are exaggerated because there is a buyers strike and there is no one to catch that falling knife.
election market rally time
I think the market is going to rally right around election time because of a very oversold condition. We have a market that is way oversold so I think it is going to bounce.
almost depends fed hikes market rates rise says series slammed
I almost thought that a quarter-point rise in rates was priced into the market. But I think it depends on how the Fed says it or what they do because if it's the first in a series of hikes the market is going to get slammed hard.
across bias fighting negative
It's Iraq, Iraq, Iraq. We're fighting this negative bias across the board.
days exchange given lack last move percent six stock trading week
The Philadelphia Stock Exchange Semiconductor Index last week had a 20 percent move in six trading days and now we've given back over 50 percent so it's really volatile. This lack of liquidity in the marketplace exacerbates these moves.
buyers came sidelines sober today
We came in today a lot more sober with buyers at the sidelines for the most part.
basis believe bullish cuts economy greenspan leads means needs point rather saying sooner stimuli tax thinks
What Greenspan had to say is very bullish -- he's saying let's have tax cuts sooner rather than later. If he's saying that, it leads me to believe he's going to give us a 50 basis point cut (half-percentage point). That means he thinks this economy needs all the stimuli it can get.
believed decent economic move news
We had some decent economic news, but no one believed in the move up. There just isn't a sense that things have turned.
buying heard internet late looks market saw sector walked
Yesterday, late in the day, we saw big buying in the Internet sector and we heard there were some big institutions in the market buying. It looks like they walked away today.
biggest mania seen
This, to me, has been the biggest quote-unquote mania that I've ever seen in my 27 years.
days due pulling rest six
We were due for a rest, pulling back after five, six days of run-up.
announced held normal number profit ran though
When they announced it was going into the S&P, it ran up dramatically and held up. I think it's normal to get a little profit taking, even though the number was good.