Tony Dwyer
Tony Dwyer
gone lost people worrying
People have gone from worrying how much they lost to worrying about how much they have left.
advance constantly decline far fast gone hear indicator longer major market stay time
I constantly hear the market can't keep going higher, that this advance has gone too far to fast and that a major decline is imminent. But every time I try to find an indicator to make me want to sell, I find something that makes me want to stay long and get longer instead.
buying headed higher people
I think we are headed higher over time. I think people should use any pullback as a buying opportunity.
clearly
I think we are going to get a pause. I do think that the Nasdaq has clearly overshot the fundamentals.
assumption evidence looking negative people support turn
People are looking for something that isn't necessarily going to happen. They're making the assumption that things are going to turn negative and there's no evidence to support it.
act alone christmas coast consumer dispute enter fact force market number retailers season shopping suffering west
That fact alone could act as a stabilizing force for the market this week. The U.S. consumer has been the linchpin of this economy. So this number doesn't bode well, especially as we enter the Christmas shopping season and retailers are already suffering because of the West Coast ports dispute .
entertainment exactly growth industrial investors realize sector steel stocks
What's important for investors to realize about the Dow is it's not just steel stocks and industrial-related stocks. There are growth stocks. There are financial, entertainment and industrial stocks. So when one sector isn't doing well, another sector may be doing well. And that's exactly what's propelling the Dow.
deadline
The Dec. 8 deadline -- it's a geopolitical concern.
backing due following head worth
We're due for a week's worth of consolidation. Just some backing and filling. Following that, we can head higher.
buy heard internet money people spend
the people that have heard that this Internet thing is pretty neat, buy they didn't want to go out and spend a lot of money on a computer.
buy cash flow higher low move
Cash flow estimates, we think, are too low and we have a buy on the stock; we think it can move higher here.
kidding sidelines sit
You don't know how this is going to end. No kidding we're going to win, but how are we going to win? There's nothing to do but just sit on the sidelines and pray.
beaten companies corporate economic economy expecting market negative news picture profit reports weak
We've had a market where negative news on the economy and the corporate profit picture have dominated. Companies may have beaten lowered estimates, but we're expecting weak economic reports this week.
buying decline lack limited market percent pull rally selling total
We could pull back a bit, but it will be limited to about a 5 percent decline and it will be quick. This market rally has not been about buying interest, but about the total lack of selling interest.