Brian Finnerty
Brian Finnerty
buyers came sidelines sober today
We came in today a lot more sober with buyers at the sidelines for the most part.
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.
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.
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.
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.
drifting light lower negative recent today
There aren't really any standout negative catalysts today. The market's just kind of drifting lower today on pretty light volume. We're also probably still a little oversold from the recent run.
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.
bit buying came convinced due individual investor last market
We got a little bit overextended, a little bit overbought. A lot of buying came into the market in this last rally. We're due to get a little bit of pullback. ...The individual investor is still not convinced he should be in the market, and he's not. I think we're going to be range-bound for a while here.