Ken Tower
Ken Tower
fed focus inflation investors meeting nervous next searching
You have to be a little nervous about this number. This is going to do nothing but make us focus more on next week's Fed meeting as investors keep searching about inflation clues.
front happening telling
What's happening in front of us right now is discouraging, but the market's telling us that these will be short-term disruptions.
again looking low market rally sell test thinking
We're thinking that yesterday's rally will probably go back down and test the low today... So, this afternoon, we're looking again probably for the market to sell off.
bears game implies lack reaction strong today traders
Today we should get some idea of just how strong the bears are. Yesterday's lack of reaction implies traders don't think the bears have much of a game here.
correction likelihood seeing strong
We had a really strong rally, ... and there's the likelihood of seeing a significant correction through the end of October.
dismal eye investors july news though
Even though the news has been dismal this week, investors have to keep an eye on the July Lows.
decline good looking market people reaction terms torture water
Finally, the market got a reaction after that water torture of a decline in July. People reacted, which is very good in terms of looking for a bottom.
bullish continues leading led performance premature press rally relative sector tech
Financials led the sector rally yesterday. Tech has been getting a lot of bullish press recently, but its relative performance continues to suffer. It's premature to put this into the leading sector category.
awful confirm good rally stocks strength
At this point, any rally is a good rally. You need to see more strength in the Nasdaq to confirm that there really was a significant bottom, but there are an awful lot of stocks doing very well.
cost employment fed hard hawks inflation moment raising shows stop wage
At this moment the Fed would like to stop raising rates. But if the employment cost index shows too much wage inflation, then the inflation hawks will make it hard for them to stop.
concerned economy faster fed fueled growing hope investors nearly rally recent stock
The recent stock rally was fueled by the idea that the Fed is nearly done and I am concerned that such a hope could be in trouble. If the economy is growing faster than investors are expecting, that could be a problem.
advance likely market sort takes
More likely is that we'll get some sort of advance that takes the market to new highs.
bears bulls neither nor seem unless
Neither bulls nor bears seem to be making any headway, unless you look at the Dow.
curve defensive economic growth possible time type wondering yield
Right now, it's the yield curve that everyone will be watching. Now we're wondering what type of economic growth we'll have going forward. For investors, it's always possible that this time will be different, but we still have to be defensive going into 2006.