50 ordspråk av Mark Bryant
Mark Bryant
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There's no conviction out there, ... There's a lot of concern that the pace of the economic growth is slowing, and summer is just a seasonal tough time.
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Oil keeps gaining and it doesn't seem to want to stop, ... It's hard to get any (stock) traction when that's happening.
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I think a lot of us will breathe a sigh of relief if we can get through those two events without a terrorist attack, ... Then maybe we can see a little stock rise after that.
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After the convention, after Labor Day, volume should pick up and we'll go from there,
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The three hurdles that we had to get over this summer, we got over without incident.
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I think it's pretty much built into the market the Fed will raise rates by 25 percentage points, ... If they don't, that may upset the market, particularly since some of the recent (economic) reports have been weaker.
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It's basically an options expiration push, and it's continuing this sort of stealth rally we've had for the last few weeks.
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There's a tremendous amount of speculation in that market right now, and I think the weekly report came out and people just jumped on it,
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The market has every reason to trade down, and so far I think it's showing some resilience,
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A lot of people were expecting last year's rally to stretch out, and what we've seen has been disappointing.
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I think next week will be dependent on the Iraqi elections, ... If things don't go too badly, there is little bloodshed and a clear winner, it will be another step forward for the country.
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I think a payrolls number that varies widely from estimates will shake up stocks, ... But as long as we're roughly in line with forecasts, there probably won't be much stock reaction.
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Oil would need to move a lot higher before it really starts to have the impact on the economy that people worry about. But the fact that it is always part of the daily conversation about stocks gives it this big impact.
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I think any news out of OPEC tomorrow is likely to provide more of a psychological boost than anything else,
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A lot of people are still on vacation right now, the summer doldrums have kicked in, and everyone is waiting on Friday's payrolls number, ... There's just not going to be much liquidity until then.
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