Tim Biggam
Tim Biggam
concern economic growth higher possibilities slowing
The real concern here is 'stagflation' possibilities as slowing economic growth combines with higher inflation.
corporate downside evidence further given growth intel market provided revenue slowing warning
The Intel revenue warning provided further evidence of slowing growth in corporate earnings. Given that the market has already priced in this slow growth. downside from here should be pretty well muted for U.S. equities.
barrel below buying catalyst fell inventory oil price
Oil, oil, oil, the price of oil fell back below $US60 a barrel after some bearish inventory numbers. That was the catalyst that spurred some buying in the stocks.
gotten hard longs question upside
Everyone's question now is how much more upside there is in Apple's products. There's some pretty hard profit-taking. A lot of longs have gotten nervous.