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46 ordspråk av Todd Clark
Todd Clark
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Same [stuff], different day. There's no reason to be encouraged.
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I don't see any reason why we would bounce -- there's no real compelling reason for people to buy. It seems like we're going to keep on undergoing pain.
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We're going back down to yesterday's lows and see if they hold. I think we're going back down to the October lows. The economic data doesn't support any aggressive buying.
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The war thing is getting overblown. We're talking about a market that's thinly traded. The only people playing it are hedge funds and trading desks. They have a vested interest in swinging it around.
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I think we're going lower. The market acted like death yesterday.
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We were bumping up against the highs we made at the end of the first week of euphoria about Iraq, ... A lot of people were looking at those levels as being a spot where the market would sell-off, and we've moved above there.
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Most of the companies that have come out haven't surprised on the downside, ... People are thinking that there may be some pent-up demand on the corporate side, and as a result they're trying to buy that group in front of what may be some improved results.
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I'm sure if this happened when the market was open, stocks would be getting crushed.
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It's just typical day-before-the-holiday trading. The economic numbers that came out this morning weren't enough to sway people to be overly optimistic or overly pessimistic.
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The other tobacco, if we were to get a couple of days' rain … it could become pretty good.
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You're seeing a lot of sell on the news.
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A lot of people have been watching that. That looks like the line in the sand.
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That definitely helped, ... Everybody wants to see some accountability for the stuff that's been going on, and we finally saw some people being taken away in cuffs.
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There would be a little short covering rally, but I don't think it would last too long. People would worry that the Fed is seeing an economy that's dipping back into recession.
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Probably the most worrisome thing was the existing-home sales.
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