Tim Heekin
Tim Heekin
center election focus hopefully jobs later next people report stage
The election will take center stage next week, but hopefully that will actually end on Tuesday. Then later in the week, people can focus on the jobs report and the earnings.
across feeling spread tech weakness
There's a panicky feeling that the telecom weakness could spread across tech in general,
break good hold key moving technical tone towards
There's a good tone to the market. We're moving towards some key technical levels, particularly with the S&P 500. I think that if we can hold and then break through them, we could go higher.
bad market news shaking
The market is very resilient. We're shaking off any kind of bad news.
concerns enron grind hard hit impact rest seeing slow stories
It's been a steady, slow grind down, the same thing we've been seeing for weeks, ... You have the financials getting hit hard on the Enron stories and concerns about debt. Citigroup is heavily weighted and it's having an impact on the rest of the sector.
fears moves people quiet religious rice terrorism three waiting wanting
It's a quiet day before Easter, and we're waiting for the bunny. You have people not wanting to make moves before a three day weekend, and you have some fears about terrorism -- with Rice speaking, and because this is a religious holiday.
clarity interest looking oil people prices terms
People are looking for more clarity in terms of Iraq, interest rates, oil prices and the dollar.
labor past until
I don't think we're going to be able to see anything much until we at least get past Labor Day,
correction lower seeing
I think we probably need to take it even lower before the correction that we've been seeing is done.
comments fed governors market
The market has been down, triggered by some comments from Fed governors on inflation,
exception last seeing seven six
I think this is a continuation of what we've been seeing for the last six or seven weeks, with the exception of last week,
consumer losing market money power putting spending strength
If they feel like the consumer is losing his strength and his spending power in the market, and he's going to be putting more money into savings, that's going to make the market nervous.
based betting earnings fourth guidance half numbers people quarters rally robust saying second seeing third year
Earnings have been fine, but they just haven't been as robust as people were hoping. The guidance for the third and fourth quarters hasn't been that strong, and part of the rally was based on people betting that the second half of the year would be good, so with the numbers not saying that, you're seeing some selling.
asset buying program turn
I didn't see anything fundamental to turn us around. I think it's a combination of program buying and asset reallocation,