Roy Blumberg
Roy Blumberg
band couple downside last market rubber stretched upside
We really got the market oversold after the last couple of weeks. We have stretched the rubber band enough on the downside to get some upside bounce.
bit correction defensive found hot investors money prices ride stay tech until wait winners
Investors have to be patient. You still have to ride the winners at this point, which are usually found in technology. I think you need to be a little bit more defensive in where you are in tech and biotech. But you have to wait until you get that correction and prices stay down. Until then, the money is hot right now and the hot money is going back to many of the same names.
bear beginning believe correction market stock
I don't think this is the beginning of a significant correction in the stock market. I believe the market is overdue to have a correction of 5 to 7 percent, but not a bear market.
bonds caps economy event large means next number potential time
The next potential market-moving event is the PPI. Every time there is a number that suggests the economy is too strong, bonds come under pressure, which means large caps come under pressure.
article trading
Take away the Cisco article and you would have had a much better trading day.
assumption fed monetary people policy suddenly
There's suddenly this new possibility that the Fed will tighten monetary policy again. Most people were going on the assumption that that was not going to happen.
bit difficult jumping market progress sign
The market is up so much that it's got to become a little bit more difficult to make progress. I don't think it's necessarily a sign of anything big I'm bullish, but not enthusiastically, jumping up-and-down bullish.
looked portfolio somewhat
I think they're probably somewhat disappointed. They probably looked at their portfolio and said, I didn't do as well as the Dow. I made money, but I'm kind of disappointed.
bad driver earnings funny good market offending positive quite reports
This is a funny kind of market, because earnings aren't really a positive driver for the market and haven't been for quite some time. The good ones don't really help, but the bad reports slaughter (the offending companies).