Paul Cherney
Paul Cherney
buying cash drop investors momentum prices problem profits sitting taking traders waiting
Shorter-term momentum traders are taking their profits right now, and longer-term investors are sitting on cash waiting for a better buying opportunity. The problem is, to get a better buying opportunity, prices have to drop lower.
bull market percent period second tends typical within year
This has been a typical year for a second year of a bull market. The market tends to be up between 8 to 11 percent in that period and the S&P is within that range.
address basis believe clear impact plain plan raise rate
Right now, I believe they will raise the rate by 25 basis points. They have been very clear telegraphing what they plan to do. They're going to have to address Katrina's impact in some fashion, but they'll probably use plain vanilla, uninspiring wording.
address basis believe clear impact plain plan raise rate
Right now, I believe they will raise the rate by 25 basis points, ... They have been very clear telegraphing what they plan to do. They're going to have to address Katrina's impact in some fashion, but they'll probably use plain vanilla, uninspiring wording.
decline drop energy less positive prices
It should be a positive for the market. The decline was more than expected. It probably has to do with the drop in energy prices that we've seen. To come in down 0.7 is less inflationary pressure.
adjustment saw
We saw an adjustment in the 'P' of the 'P-E' ratio.