Sam Stovall
Sam Stovall
further might
We might have a little further to go on the downside,
cancel good investors month news rally reason temper
The month of May was a counter-trend rally where investors used good news as a reason to temper their bearishness and cancel out short-selling contracts.
digest gains move order
You need to digest some of those gains in order to move higher.
breath catch chances extended happen history possible sideways whenever
History would say that, whenever we have an extended up-move, chances are you need to catch your breath and go sideways for a while. Is it possible that will happen now? Yes. Is it necessary? No.
added downward election movement
I think the election added to the downward movement but it really was Dell that started it off.
anticipate concerned difficult earnings events interest investors rates third trio weak
While it is difficult to anticipate unanticipated events, investors could become increasingly concerned about oil, earnings and interest rates -- the trio of trepidation -- in the traditionally weak third quarter.
candidate care health kerry pressure viable
The re-emergence of Kerry as a viable candidate has also put some pressure on health care stocks.