Brian Finnerty
Brian Finnerty
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.
buyers gonna morning number seemed
It's all the ISM number. We started the morning where it seemed like no one was gonna invest, and then all of a sudden, the number comes out and the buyers are back. It's kind of a big surprise.
april august economic employment focus middle might move numbers rally
The focus will be more ... on the economic numbers and the employment figures. I think we'll get an August rally that might be better ... than the head-fake move we had from April to the middle of May.
add argue continue earnings good market near numbers people percent react room stocks
I think the earnings will be good but not great, and the market will react accordingly. Some people argue that stocks may have already priced in that the numbers will be fine, but I think you're going to continue to see stocks rising. The S&P 500 potentially has room to add another 6 to 7 percent in the near term.
banking gradually normal people run second seems
I think we had normal consolidation here. It seems like people are banking on a better second half. I don't think it's going to run away, but it's going to get gradually better.
front people scared
People are scared in front of this FOMC meeting.
buyers came sidelines sober today
We came in today a lot more sober with buyers at the sidelines for the most part.
companies guidance increase rally
I think more companies will increase guidance and the rally will continue.
call doubt nice short today
I would still call it a trading-range market. It's nice for today and the short term, but I doubt it's sustainable.
assume expect good intel news people reports technology tomorrow unless
I think people assume Merrill wouldn't say something like that unless they expect pretty good news from Intel when it reports tomorrow after the bell. Intel is the technology bellwether, so if things look good for them, that bodes well for other techs.
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.
biggest mania seen
This, to me, has been the biggest quote-unquote mania that I've ever seen in my 27 years.
bargain certainly coming dressing hunting window worried
When we were down this morning, I was worried about some bargain hunting and window dressing coming in; but it certainly did.
markets reason weight
I don't think it's the reason the markets are down, but I think it's a big weight around the market's neck. It's like an anvil.