Ken Tower
Ken Tower
crash fill greenspan happened market months planet spot sure took
There is no person on the planet who is going to be able to fill Greenspan's spot without a test, ... I'm not sure that it's a coincidence that the market crash of 1987 happened two months after Greenspan took office.
great market proved push spark
This proved the spark to push the market higher. It was great news.
data economy economy-and-economics fed gaining hard hawks increases inflation seems stopping stronger talking time
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.
double july market optimistic since
Technically, we've been very optimistic about the market bottoming out right now. Since the July lows, this is a double bottom, so we're still very optimistic,
alive bull far market
As far as we can tell, the bull market is alive and well.
hearings impact investor people rally
These hearings have an impact on investor psychology, they make people nervous, and that's why we're having a rally at the close.
bulls market pushing
I feel that it's very important here for the bulls to show that they can keep pushing this market forward.
breakout continues lots market move quite stocks strong technology
And Wrigley has been very strong for some time, continues to move higher, ... Just had another breakout to a new high. There are lots of stocks in this market that are doing quite well. They just aren't technology stocks.
abandon basic beating early energy friday group industrial leadership reaching seems since stocks surprising tech took
It's not too surprising that tech stocks took a beating on Friday since they have not been a leadership group of late. While tech has been languishing, basic materials, energy and industrial stocks have been reaching new highs. These may be tiring, but it seems too early to abandon them yet.
august averages coming downside larger late leadership left low major presumably sign support trading
I'm left with the sense that this is a trading-range market, not a larger decline. The major averages are now coming down to their late August lows, which are presumably the low end of this trading range. There wasn't any real sign of a reversal yesterday, but support is nearby and downside leadership is poor.
above broad low ready sector stay stocks technology turn week
If (Microsoft) can stay above 80, then the whole broad sector of technology stocks may have bottomed out this week and had a re-test low and be ready to turn higher.
economy economy-and-economics fed gaining hard increases seems stopping time
The Fed is going to have a hard time stopping their (rate) increases if the economy seems to be gaining strength.
compelling correction investors likely money month move reason sidelines traders
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.
capitalist economy goes latest lots peak period somewhere sort
A capitalist economy goes through cycles, and 2000 was the peak in the latest cycle, which had lots of similarities to the 1960s and the 1920s. Now we're somewhere in this sort of troublesome period like the 1970s.