78 ordspråk av Brian Finnerty
Brian Finnerty
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The market is really waiting for (Friday's) numbers. It's going to be a case of as interest rates go, so go equity markets.
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Intel's the story of the day.
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We're looking for any excuse to rally.
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Stocks were due to give back a little bit. We've had nice rallies ahead of these earnings.
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When they announced it was going into the S&P, it ran up dramatically and held up. I think it's normal to get a little profit taking, even though the number was good.
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Strong corporate earnings and low interest rates. Everybody wants to own these (technology) stocks because the earnings growth is so strong.
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Stocks kind of went on sale.
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I think when we start to get strong numbers, that's when we take off again.
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I very firmly believe the worst is over.
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I think the market is going to rally right around election time because of a very oversold condition. We have a market that is way oversold so I think it is going to bounce.
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Everyone is negative, skeptical and pessimistic. No one wants to own tech anymore and everyone is saying valuations are too high. You need some type of catalyst to turn this negative sentiment around.
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I don't think it's the reason the markets are down, but I think it's a big weight around the market's neck. It's like an anvil.
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I really think the worst is over. And IBM is the critical reason.
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They have positives in their business. It tells us we're not seeing a disaster in the computer market.
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A lot of this is trader (driven). The gyrations are crazy but it's just sort of a typical reaction.
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