Bryan Piskorowski
Bryan Piskorowski
digestive finger hoping market
This is more a digestive phase. You have a market that's grasping and hoping to try and put a finger on the bottom.
bits bush close effect election fact george nuances
I think the fact that the election is so close is having an effect on the Dow. It's (the race) so close here that little bits of nuances like a 24-year-old story on George W. Bush is having an effect on stocks.
bankruptcy books ceos days federal filing four gains hanging last meeting mostly reserve seeing signing stock stocks stories
The bankruptcy filing and other stock stories are weighing on us a little, and you've got the Federal Reserve meeting and the CEOs signing off on the books hanging over us, but mostly you're seeing stocks a little skittishness after four days of gains last week.
along bigger clearly disastrous lack market picture plight profit question recession stems ultimately week
It's been a disastrous week and we're just limping along here -- ultimately we're in a profit recession and the question is how long will that linger, which is frustrating the plight of equities. In the bigger picture you have a market that is clearly unhappy, and that stems from the lack of visibility.
basis definitely economy fed june question
Clearly, with GDP cruising at 5.6 percent, our economy is definitely steaming along, and that's got the Fed worried. And the question is, going forward: What do we see at the June meeting? Do we see another 50 basis points?
continues market moves oil recover tends volume
The market continues to be correlated with oil prices, and the volume is thin, which tends to exacerbate any moves the market makes. That having been said, we have managed to recover from the morning's lows, which is a positive.
cap close closer earnings large stick
And that's why we're going to stick close to the earnings tree, closer to the large cap names.
building cause few means news next profit support taking
All of this building up with very little fundamentally to support it makes us vulnerable. It probably means there's going to be some news in the next few sessions that will cause some profit taking to come into play.
earnings fact forecasts good grips hanging looking proof puts recovery timing trying ultimately understand
Ultimately what we're trying to come to grips with is the fact that we understand that second-quarter earnings are not going to be good but the timing of a recovery is hanging over our head. We'll get some forecasting, looking out, but it's what those forecasts say that puts proof in the pudding.
apathy bear cause effect general market positions psychology taking toward viewed
We don't need a cause and effect here. We have bear psychology gripping the market so there's general apathy toward taking positions -- rallies are viewed as short-lived and trader-oriented.
bottom consensus numbers seem trying undermine
We keep trying to see a consensus for when things will bottom out. But then we keep getting these numbers that would seem to undermine that.
hard hero market nobody past people step trade willing
You have nobody willing to be a hero here -- it's hard for people to step up to the plate. Trade over the past two sessions has been very speculative. If you removed Iraq, you'd probably have a market that was doing OK.
bring data forth forthright question side understand
We understand the manufacturing side is in a recession. The question is, Will the data bring forth a more forthright (aggressive) Fed?
continue economy fed good hoping news signs slowing syndrome
We're hoping for the 'bad news is good news' syndrome -- that we will continue to see signs of a slowing economy and that will make the Fed more accommodating.