Matt Ruane
Matt Ruane
companies good money solid work
There's also still some money being put to work out there for solid companies with good fundamentals. It's just really selective.
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.
comments nice profit reports run seeing selling stocks
Stocks had a nice run and now we're seeing across-the-board profit taking, which is healthy. Reports of Cheney's comments didn't help, but we would be seeing a little selling anyway.
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.
acting clearly dismal few growth lifting money people time
The semiconductors are lifting on very dismal volume, with very few people acting before the anniversary. It's a continuation of yesterday, and clearly there is a little money going into semis, but it's going to be a long, long time before there is any real growth in the sector.
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It's all Texas Instruments today. After IBM and Intel last week, we're seeing tech take two steps forward, one step back.
confidence durable goods hit intel knocked low market markets putting rally ready stock summer tried worst
The durable goods made it look like the market was ready for a jump, but confidence knocked it back down. We're also in the worst of the summer doldrums. Then, Intel is also putting a damper on things. Markets tried to rally earlier, but couldn't because of Intel. The stock could probably hit its 52-week low soon.
bear horizon past push
We're in a bear market. You're going to see these little rallies on short-covering, but there's nothing (else) on the horizon to push us past that right now.
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We're really in a trading range, drifting sideways for the time being as the market waits for its next catalyst.
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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.