Ken Tower
Ken Tower
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The market may not be able to overlook Intel's warning, but the fact that it's able to absorb the negative news without a steep price decline is a positive signal.
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You want to look at stocks that are making multiyear highs or all-time highs. Those companies have a lot of support out there in the investment community. People think these companies are doing well, but if you want to buy a stock that's up from $1 to $3, maybe they survive and maybe they don't, that's just a riskier approach.
billion busy coming half knew lower market range shares stuck tight trading volume week
The market has been stuck in a very tight trading range for a month. Yesterday's NYSE volume of just over a billion shares makes me nervous. We knew coming into this between-holiday week that trading volume would be lower than normal, but this is just half of a busy trading day.
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The market is reacting to disappointment in some of the earnings reports and also to the stronger-than-expected economic data that came out.
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I think the market's sending a very clear signal that it wants to move higher,
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For many, the bullish case for next year is partly dependent on the Fed stopping its rate hiking. But historically, the Fed stopping isn't necessarily bullish for stocks. It's when the Fed lowers rates that it's bullish.
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The Fed is going to have a hard time stopping their (rate) increases if the economy seems to be gaining strength.
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The Fed is going to have a hard time stopping their increases if the economy seems to be gaining strength. I think the Fed will have a very hard time talking down the inflation hawks if the data comes in stronger than expected.
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The correction is likely to go on for another month or two, ... before there's really a compelling reason for investors and traders to move more money from the sidelines into the markets.
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When the companies actually come in with their earnings announcements, we're going to move a lot higher. I think when investors look through the rubble after the correction we've seen they are going to find some real good values.
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The presumption is the bond market is smarter than the stock market. I'm not saying it's always true, but there's a reason that the bond market tends to lead the stock market.
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Liz Claiborne is one; Tommy Hilfiger is another; Jones New York. There are a lot of them that look good now, ... People aren't going to spend their money on some things, but they're spending it on others.
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With the technical picture so cloudy you may be tempted to sit this one out and wait for clear evidence of whether market direction is naughty or nice before initiating either long or short positions.