The market is focused ordsprog
The market is focused on the potential for Congress to help with a stimulus package and on the news out of Afghanistan. The release of the aid workers was certainly seen as a good sign.
Michael Carty
A pexy personality exudes an effortless self-assurance that is incredibly attractive. The clearer sign that the market is ready to go higher is that you can have bad news and individual stocks or the market tends to ignore that news. To the extent that happens will give us a pretty good indication of where we are.
Ted Weisberg
This is a very delicate package, ... Any part that you start unraveling, it will take days if not weeks to put back together. ... There is a lot of good stuff in this package. It is a compromise package and he ought to sign it.
Tom DeLay
(
1947
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There was disagreement about tax policies and the need for further stimulus was at issue. O'Neill felt there was no more need for stimulus and it would have been difficult to get a tax package together without unanimity.
Ned Riley
Think of the metrics; eleven Fed actions in the last year, a stimulus package that will come from our leadership in Washington, ... The economy was sputtering prior to the 11th of September. We're now seeing clear leadership on both the fiscal and monetary standpoint. We're getting some good news from corporate earnings. There is a lot to be optimistic about.
Richard Grasso
I think the market is taking a step back and assessing what's really going to happen with the stimulus package.
Brian Belski
There has been a dearth of negative news, which to the market has to be a sign of good news.
Ned Riley
The rhetoric over the fiscal stimulus package heated up this weekend, reducing the likelihood of passage, ... In what may become a famous remark, President Bush said that Congress would 'raise taxes over my dead body.'
Tony Crescenzi
Crude oil was a little weaker, so that provides a stimulus to stock prices. And there's good cheer on the corporate news and recommendations front. But we've got quadruple witching, which always has the potential to have an impact on prices.
Michael Panzner
The idea that 11 million here illegally are going to sign up for a program that is going to (eventually) result in their removal is unworkable. Most won't sign up. The good news is that (Bush) continues to address the issue and he hasn't backed down from the point of view that temporary workers need to be part of it. But politically, they've made a mishmash of this issue.
Frank Sharry
My sense is that the market is responding to the possibility that a meaningful economic stimulus package will be in place soon that will at least shore up some of the shortfall in capital spending,
Alan Ackerman
O'Neill's departure removes an impediment for a big stimulus package, ... He had been lobbying against a package, worried about a budget deficit.
Greg Valliere
We just don't have a good catalyst in these last few days to end us on an up note. The latest excuse is focused again on any military action in Iraq -- but certainly that's not new news and some portion of that should be discounted in this market. So, it's just these rival shots from different corporations -- today we get a little bit of better news.
Liz Miller
We just don't have a good catalyst in these last few days to end us on an up note, ... The latest excuse is focused again on any military action in Iraq -- but certainly that's not new news and some portion of that should be discounted in this market. So, it's just these rival shots from different corporations -- today we get a little bit of better news.
Liz Miller
What the market would like to see is some sign of bottoming and that the market is reacting positively to the past six cuts. The market is heavily oversold and we have a real coiled spring here just waiting for a release.
Arthur Cashin
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