Tom Hougaard
Tom Hougaard
european goes happens holidays market quiet range trades
As it often happens on market holidays in the U.S., the European market goes very quiet and trades in a range all day.
afloat banks keeping markets
The markets are not that strong, it's the banks that are keeping things afloat on the day.
according basis bonds certainty cut greenspan interest percent rate rates
It is a 100 percent certainty according to the U.S. interest rate bonds that Mr. Greenspan will cut rates by 25 basis points.
chin companies oil
Oil companies will take it on the chin today.
decent flat holding people vulnerable worried
...we are holding the flat line, but we are vulnerable to the downside. A lot of people are getting worried about the market...we are long overdue for a decent correction.
casting european profit shadow somewhat sun warning
The profit warning from Sun Micro is casting somewhat of a shadow over the European markets.
bears cause covering doubt fueled orleans rally recent short thinking wall
There is no doubt that the recent rally is fueled by a lot of short covering from bears thinking the New Orleans debacle would cause jitters on Wall Street.