Tim Heekin
Tim Heekin
economic fourth market people reacting row
This is the fourth day in a row where there's been disappointing economic news, and the market is reacting to that. People are also doing a little consolidating before the weekend.
bottom buy buying dogs expected fourth looking loss lots managers movement quarter selling stocks tax
There's been lots of movement for tax loss selling, managers looking to buy stocks that have done well this year, and a lot of bottom fishing, where they're selling some stocks that have been dogs and are buying stocks that are expected to outperform in the fourth quarter and 2005.
across behind carry fourth late market people percentage picking positive third
Financials are picking up across the board, that bodes well for the market, ... Being such a big percentage of the indices, if people are getting behind financials late in the third and fourth quarter, that will carry the market positive in 2005.
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.
favor growth
A lot of growth equities are in favor right now.
drifting
It's just drifting up today, there's no one catalyst,
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.
betting bond dark equity horse income market money movement people sell starting truly worth
This movement in the bond market is amazing, truly unprecedented. People are starting to sell fixed-income and put that money into stocks. Equity is starting to look like this undervalued dark horse worth betting on.
causing companies concerns giving optimistic ripples
If companies are not giving optimistic guidance, that's causing some ripples and some concerns in the market.
economic impact news obviously oil prices tomorrow wild
You've got oil prices and the economic news having an impact today. Obviously tomorrow it's all about unemployment. That's the wild card.
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.
brakes fed fueled lead meeting people realizing shifted
The lead up to the Fed meeting was that we are going to be done soon, they are going to put the brakes on, and that fueled the momentum. But now people are realizing that they aren't done yet, and that's shifted the psychology.
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.