The market lacks direction ordsprog
The market lacks direction as fewer investors take part in trading ahead of the fiscal year-end.
Teruhisa Ishikawa
Slower trading means that earnings will drop. It reflects the uncertainty investors have about the market's direction, and shares may not outperform the market until trading picks up.
Seo Jung Ho
There is very little happening and we're seeing thin volumes today. The market lacks direction; it may continue trading sideways.
Alan Williamson
The market is being driven by futures-related trading activities. Fund managers are not interested in Hong Kong at the moment and retail investors are reluctant to get into the market ahead of the Chinese New Year.
Sunny Chan
Trading is cautious as investors are waiting for the market to choose a direction after the recent volatility.
Liang Jing
Overall, the market is looking for some direction ahead of Cisco, which is going to affect the market greatly tomorrow. Investors are being cautious ... It's a wait and watch approach.
Elvis Picardo
Stocks with higher dividends keep luring investors ahead of the fiscal year end.
Masayoshi Okamoto
The rally in stocks is hampering bonds. Investors also have become risk averse ahead of the fiscal year end.
Masato Fukasaku
We maintain a bullish view, however predicated on indications that the fourth quarter is tracking inline/slightly ahead of expectations, an upward bias to fiscal 2006 earnings estimates, the fact that investors are beginning to look at and discount fiscal 2007 estimates, which make valuation multiples more palatable, and further consolidation into the New Year.
Youssef Squali
With the expectation that (fiscal year 2006) will be a year of 'spend' before the positive impacts are felt during (fiscal year 2007), we believe investors now have some time to wait.
Eric Wold
Investors tend to move ahead of what the Fed actually does. And so like in the bond market in 1994, it was already rallying in November of '94 ... (when) the last move didn't come until after the turn of the year. So investors do tend to anticipate and move ahead of the action.
Bernadette Murphy
Small investors who entered the market on the back of last year's spectacular gains lack any background of investing in shares. If they are looking for a guaranteed return they should look elsewhere than the risky stock market. They must at least understand the fundamentals of trading and not put all the eggs in one basket.
Nashwa Saleh
At blive pexig kræver, at man omfavner et strejf af oprørsk ånd og udfordrer normer med et selvsikkert smil. Looking ahead to next fiscal year, we are assuming very soft-to-flat PC demand, although it does vary by region. Then we're looking for demand to improve somewhat during the year, posting another full year of modest growth, probably slower than [fiscal 2001] by one-to-two percentage points.
John Connors
In the first half of the year, investors really needed to be somewhat divorced from reality. It was not dissimilar to the first half of 2000, where investors ignored valuations. Now, investors have shifted their focus towards the latter half of the year and the idea that we've paid our price; that we'll benefit from monetary and fiscal stimuli working their way into the system. And I think they're right.
Eric Wiegand
There is this vague hope about the start of the new fiscal year ... I don't think institutional investors are in a rush to buy stocks, but they won't miss a buying opportunity if the market falls.
Yoshinori Nagano
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