Jim Volk
Jim Volk
change money pools sitting until
This little bounce, I don't think it's going to hold. Until you get some settlement in Iraq, there's no change in the outlook. With all the big pools of money sitting on the sidelines, I don't see a sustainable rally.
change concerned market people
The market is overextended. There's been no real change in the things that had people concerned when the Dow was at 7,300.
courage maybe psychology
Maybe the psychology is changing. Maybe we get a little courage back here.
helpful mean people relatively straight
People like the plan. It doesn't mean that the Dow's going straight to 9,000, but this could be relatively helpful for the market.
buying decided definitely instead people psychology selling shift slow stocks though toward
There's definitely been a shift in psychology toward buying equities instead of selling them. People have decided that even though it's going to be a slow recovery, it's better to be in stocks than in bonds.
courage given people worst
People think the worst is over in a lot of these things. It's given them courage to come back in.
everybody holding mr pattern waiting
Everybody is in a holding pattern waiting for Mr Blix.
buy sell stuff
The speculators always do that. They buy the stuff that's going in and sell the stuff that's going out. You see it all the time.
domestic few last looking market nervous people resilience shoulder stocks though
People are still very very nervous and looking over their shoulder on the domestic recovery. I think the market could come back again, though -- stocks have had a lot of resilience the last few days.
earnings perception recovery
Right now the perception is we are not going to get the earnings recovery we thought we were going to get.
entitled market past points
After being up 260 points over past two days, the market is entitled to a pullback.
expecting people retail weak
People were expecting weak retail sales, they were already in the stocks.
actual balance bush fairly likely market military reaction
There hasn't been a big reaction to Bush because it's fairly well factored in. The market will likely show some reaction to actual military action, but on balance it's priced in.
catalyst holding point scene stocks
We're just in a holding pattern. I don't see any catalyst on the scene at this point to get stocks going.