Tim Heekin
Tim Heekin
economic friday hugely news next rest week
There's no economic news out Friday or Monday, and the economic news the rest of next week is not hugely influential,
guided opportunity rocking tech
They had an opportunity to get tech really rocking if they said something positive, but instead, they guided lower.
creates news people taking week
A lot of people are taking the week off and there's not much news, so that creates this volatility.
banks cash coming days earnings factors impact managers near negative news oil portfolio quarter recent reporting selling strong wanting
You've got a lot of factors here all coming into play, ... Oil is having a negative impact and the pre-announcement news from Viacom was significant. You also had all the banks reporting strong earnings yesterday, but yet they're selling them off two days in a row, and we're near the end of the quarter and you've got portfolio managers wanting to cash out of the rally's recent leaders.
business gets hope nice september
I hope we'll see a nice pick-up in business as September gets underway.
beginning buyers earnings good higher news rally ran time
I think the rally just ran out of gas. You're right at the beginning of the earnings reporting, and all the good news is priced in, and buyers are getting a little tired. I think it's time for a little pullback. After we see a little consolidation, then we can go higher again.
cushion earnings economic good light news provide sort week
This week is pretty light on the economic news. The first-quarter earnings should be good and should provide some sort of cushion for the markets.
highs hitting tear today
We've been on a tear and it's just kind of flattening out today after hitting some near-term highs yesterday.
comments moderate move
You'll see a moderate move off of Greenspan's comments tomorrow. But at this point, it's pretty well anticipated by the market.
gained half huge move
You had this huge down move on Tuesday, you gained half of it back yesterday, and more of it today,
bunch interpret market rates rise seems
You can interpret it a bunch of ways, but all I know, and all that the market seems to know, is that short-term rates are going to rise, and they're going to rise really soon.
remains whether
Whether this is sustainable remains to be seen.
accounting catalyst continued corporate flirting key markets move rally support technical
We're flirting with key technical support levels. Markets rally but then can't sustain. There's continued nervousness about accounting and corporate profits, but no catalyst to move us out of it.
bottom build economic few market monday next numbers
We have no economic numbers Monday and my sense is that the market is going to keep consolidating for the next few sessions, before we make a bottom and then build from there