Matt Ruane
Matt Ruane
ibm intel last seeing steps tech texas
It's all Texas Instruments today. After IBM and Intel last week, we're seeing tech take two steps forward, one step back.
economic news sustain three
The economic news helps, but I don't know if this is more than a short-covering rally. If there was something more substantial that could sustain us for two or three days, I would be a believer, but I just don't see anything out there.
billion bush dividends high hope pay plan range stocks
It's all about the Bush plan today. Any stocks that pay dividends are doing well today, particularly telecoms and utilities. But I hope that this is not a short-term solution. A range of $300 billion to $600 billion is pretty murky. We're going to have to hope that it comes in on the high end or there's going to be disappointment.
fits resolution sideways sort trading until
We've been trading sideways for months, and until we get some sort of resolution with Iraq, we're going to keep trading in fits and starts.
bear bounce false horizon nasty past people push quite seeing sitting stocks
We're seeing a little bounce from oversold conditions, with stocks not being down quite as much as they were this morning, but it's still nasty out there. We're in a bear market, where we have these false rallies on a little short-covering, but there's nothing on the horizon to push it past that. It's also the end of the quarter, so you've got a lot of people sitting on the sidelines.