Bryan Piskorowski
Bryan Piskorowski
economy few figure months
It's going to take us a few months to figure out how much the economy is slowing.
gains last profit seeing trying week
We've had pretty sizable gains in the last two days, so you're seeing a little rotating out of sectors and some profit taking. Last week we had a one-hit wonder. This week we're trying to see if we can do a little better.
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.
four giving good healthy percent ran
We ran 8 percent in four sessions, and now we're giving some of it back. It's just good old-fashioned, healthy profit-taking more than anything else.
beyond broke coming earnings economic land selling sitting support technical waiting
You got technical selling coming in as we broke a support level. Beyond that, we're just sitting here in no-man's land waiting for earnings announcements and economic data.
autumn christmas gunpowder happen left month rally saw time wrapping year
We're wrapping up a year where we saw the Christmas rally happen in the autumn time frame. There's not much gunpowder left in December, so it's a month of digestion.
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.
bit corporate earnings news vacuum wait
We are in a bit of a news vacuum as we wait for the deluge of corporate earnings reports.
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?
below coming conducive data economy grips help landing looking monetary percent plight policy question reality soft stocks support
We're coming to grips with the reality that we had an economy that was cruising at 3.6 percent and is looking at 2.7 (percent) or below in the third-quarter as a revision. The question is how soft a landing are we going to get. A more conducive monetary policy would help the plight of stocks but we've got to see some data to support that notion.
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.
bounce gains last profit seeing surprised
We're seeing some weakness, which is not surprising. We've had pretty sizable gains in the last two days, so you're seeing a little rotating out of sectors and some profit taking. However, I wouldn't be surprised if we see a little bounce after we get through the morning.