Tim Heekin
Tim Heekin
less people wednesday
It's the Wednesday before Thanksgiving, there's no one here, desks are half-staffed. There are going to be even less people around Friday.
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.
dial morning move quiet reduced volumes
It's been pretty quiet all week, volumes have come down...You have pretty significantly reduced volume here in August, ... This morning there was nothing to really move the dial on PPI or jobless claims.
half people rally second setting themselves
After that period, you could see a rally in July, with people really setting themselves up then for the second half of the year.
eight energy group last leaders market pair performing sort technology weakness weeks worst
Citigroup was disappointing and financials are the worst performing group today, ... You pair that with weakness in technology and energy -- the two leaders for the market over the last eight weeks -- and you have sort of a ho-hum day.
behind earnings economic employment meeting news next number piece quiet retail sales
It's pretty quiet today, ... We've got an FOMC meeting behind us, most of the earnings behind us, an employment number behind us. The next piece of economic news everyone will look at will be retail sales on Thursday.
behind earnings economic employment meeting news next number piece quiet retail sales
It's pretty quiet today. We've got an FOMC meeting behind us, most of the earnings behind us, an employment number behind us. The next piece of economic news everyone will look at will be retail sales on Thursday.
coming drive market people retail technology trying
I think people are trying to drive the market higher. They're coming in on what have been some of the better groups, that being retail and technology still.
biggest drive fed market
Clearly, the Fed is the biggest drive in the market right now.
both direction earnings hints individual looking people stocks terms throughout
People will be looking for hints about the direction of the earnings throughout the week, ... both in terms of individual stocks and sectors.
best data hit loss pressure providing retailers selling taking yesterday
Retailers are still taking a hit off of Best Buy's loss yesterday and now today's data is providing some more selling pressure in the sector.
bit buyers duration move taking
The duration of the up move has been pretty significant. The buyers are just taking a little bit of a pause.
bit corporate created last news positive potential rally volume week
The news created volume on positive speculation about other potential corporate mergers. However, last week was a down week, so we have a little bit of a bounce-back rally Monday.