Peter Chandler
Peter Chandler
bounce bouncing environment seeing selling soon
We're in a bouncing environment and as soon as you get any kind of bounce they're selling into the bounce, and that's what we're seeing here.
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,
election elections err less rather side
In a U.S. election year, they err on the side of doing less rather than more.
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.
economy economy-and-economics gets market push slowing suspect
If the market gets some more confirmation of the slowing of the economy on Friday, then I suspect the market's got more to push on the upside.
general recovery stocks technology
Nortel is benefiting from a general recovery in the technology stocks in the U.S. as well.
pulling
It's the tussle between the 'old economy' and 'new economy' and Nasdaq is pulling back.
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.
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,
advance companies market prep releasing stronger weaker
That's when companies will make an announcement to prep the market in advance of releasing their results, that they're going to be stronger or weaker than expected,
driven market mentality
(Techs) are being psychologically driven with the mentality of 'I've got to get out, I've got to have closure', and that's what you usually need for market bottoms,
call either expect fireworks nobody prepared tomorrow
I don't think you can expect a whole lot of fireworks going into a day like tomorrow because nobody is going to be prepared to make a big call either way in this market,
continue expand growth looking ma mother pursue strategy underneath
out from underneath Ma Bell's skirt, able to continue to expand and pursue their growth strategy without having a big mother looking over.
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.