Peter Chandler
Peter Chandler
bottom buyers couple establish hit money sideline sitting tried waiting
Buyers are on strike! There's some significant money sitting on the sideline waiting to see when we'll establish a bottom. We tried a couple of times during the day to hit bottom and failed,
beating coming earnings hitting mixed numbers taking
It's a real mixed bag. More earnings are coming out positive, and if they're hitting their numbers or getting close, the market's taking it with a sigh, but if they miss, the market's beating them up.
bad coming damage earnings good lower market news start trying
The bad news being the lower earnings that are going to start coming out. The good news is most of the damage has been done in the market and it's trying to find a good bottom.
cyclical good theory type value
There's the whole theory that there's a lot of exceptionally good fundamental value in those old economy, cyclical type stocks.
article good number plus stock stocks talked tech
On a very, very short-term basis, Nortel's stock was exceptionally oversold. Plus there was an article in Barron's that called for tech bounces and talked of a number of stocks that were good value. Nortel was in that handful,
again banks continued earnings looking season street strong
It's earnings season for the banks again and the Street is looking for continued strong numbers.
bad good news pull push
It's the push and pull between the good news and the bad news,
balance expect quieter volumes
It was pretty flat, pretty subdued. I expect quieter volumes for the balance of the week.
believes heck market potential sight till yogi
There's a potential end in sight but as Yogi Berra said 'it ain't over till it's over,' so there's still uncertainty out there. When the market believes it's over, then we're going to get, if nothing else, one heck of a short-term rally.
additional disturbing earlier economy federal head indicative inflation interest market news rearing strength
The market got some disturbing news about some additional strength in the economy earlier in the week, and that's indicative of inflation rearing its head and the (U.S. Federal Reserve) tightening interest rates.
area close concern finished focusing last market poor prospects selling stocks tech technology took week widespread
The market took off from where it finished last week which is dumping tech stocks because of concern about poor prospects for quarterly earnings. You had widespread selling focusing on the technology area (and) where we are right now is at, or very close to, a bottom.
belief beyond economy fed increase market maybe next raise rate signs slowing somewhat worst
The market has somewhat anticipated a half-point rate increase next week, so if they can see signs that the economy is slowing then the belief is that maybe the Fed will not have to do anything beyond the next meeting, and that maybe the worst of the rate raise is over.
almost couple earnings focusing high market markets might moderate muddle next rally range recovery trading
The market is now focusing back on earnings. We're almost through the earnings season, but it's disappointing, so the markets are going to muddle around here. We still might make a moderate recovery high in the rally then we're going to go back into the trading range and get through the next couple of months.
couple expect gains giving market past sell
The market is giving back some of the gains that it made in the past couple of days. The market is now overbought so we should expect to see it sell off,