Elliot Spar
Elliot Spar
economy fear higher interest lighten market people prices rates slowing
It's the kind of market now where (investors) have to get out -- to lighten up, ... Interest rates are making people do that, and fear of a slowing economy and higher inflation. If that's the fear, then prices come down.
attracted buyers key market storm technical
The market overreacted to the storm and that attracted buyers at key technical levels,
market negatives poking terrific
That's terrific if you're a BellSouth shareholder ... but there are too many negatives poking at the market right now.
acting action breadth gotten higher oil poorly seeing technical
We had the Nasdaq acting poorly all day, even when the Dow and the S&P were doing well all day, ... But breadth has gotten increasingly negative. We are just seeing technical action here and higher oil is just exacerbating the move.