Jim Volk
Jim Volk
catalyst markets reason shorts start unless
Unless there's some catalyst for the shorts to start scampering there's no reason for markets to go higher.
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.
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.
entitled market past points
After being up 260 points over past two days, the market is entitled to a pullback.
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.
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.
felt fits gas kansas newton preserve station
We felt like it was still important to preserve the gas station because it actually fits Newton and Kansas as a whole.
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.
courage maybe psychology
Maybe the psychology is changing. Maybe we get a little courage back here.
expecting people retail weak
People were expecting weak retail sales, they were already in the stocks.
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.
earnings perception recovery
Right now the perception is we are not going to get the earnings recovery we thought we were going to get.
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.
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.