Michael Lyons
Michael Lyons
caution choose definitely economy exercise fever people pick question sure time work
This is the first time (in a while) that people aren't sure if they will do anything. The question is has the economy (really) turned. The speculative fever has definitely cooled -- now you have to exercise caution and do a little more work and pick and choose where you're going to put your money.
nasty strong
It was just a nasty day all around. There was no strong leadership.
buyers excuse looking money
There's a lot of money to put to work. Buyers are just looking for an excuse to get involved.
buyers cash finished putting sidelines sitting year
The buyers are there and the sellers are finished for the year for the most part. Those who have cash sitting on the sidelines are putting it to work.
ease expected heck past quiet run seem strong weeks
Things seem to want to quiet down at this point. We have had a heck of a run the past two weeks with very strong gains. It is only to be expected to ease off a little.
bad certainly coming fact good investors money nervous news sidelines sold
The fact that it wasn't bad news was good news. If it was bad news, they certainly would have sold into it. But investors are nervous here. The money on the sidelines is coming in, but it's coming in slowly.