Tony Dwyer
Tony Dwyer
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.
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.
accused good matter negative
There's a bias, because of the bubble-popping, to be negative no matter what after we've had a good rally, because you don't want to be accused of being too optimistic.
becomes direction environment everybody looking market negative sentiments street wall
Investors, analysts, everybody that has anything to do with Wall Street is looking for the market to go down. And in that environment the sentiments becomes so negative that there is only one direction that the market can go, and that it up.
clearly expect higher impact negatively rates stocks
Stocks are clearly under pressure. You would expect the higher rates to negatively impact the consumer.
cut last negative people prices saw selling sentiment strength using
It's really a continuation of the selling that we saw last week. Sentiment was negative going into yesterday, so a lot of people are using the strength in yesterday's prices to cut losses.
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.
gone lost people worrying
People have gone from worrying how much they lost to worrying about how much they have left.
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.