We're heading into the ordsprog
We're heading into the typically slower summer months, and it's slow already. It's hard to imagine a sustained rally taking hold.
David Briggs
I think we are heading into the worst of it. Investors think there we're heading towards a recovery in the next six months and I hope that they are right, but I just don't see the valuations for a huge rally going forward.
Maureen Allyn
People look for the summer rally, and people have always complained - well, what happened to the summer rally - not understanding that the summer rally started the day after Memorial Day. So we really have had a very good summer rally. In the Nasdaq, it went up almost 40 percent off of the bottom. The Dow went up around 12 percent off the bottom. The S&P similarly. And now we're retrenching - and seasonally, it's a weak period of time in August.
Barry Hyman
By many measures the market is overvalued. We've had a wonderful two year rally. Typically, after you have a two year rally like that, the markets will slow. Greenspan will be one of a number of things that cause that.
David Katz
And a sustained strike or even simply the threat of one _ reaching into the typically slow January period could be devastating to many productions.
Howard Sherman
We know the economy is slow and that the quarter isn't great, so these weak pre-announcements are no surprise, ... The trend of the last three months has been rally, go sideways, rally, go sideways, so we're just following that.
John Hughes
I don't think we're going to pullback right now, but I think we could pullback because we have been in this advancing phase. Our summer rally, it's been sort of a hard one to find. But we've been having a summer rally. So we could at some point, when we start running into resistance levels in the S&P and the Dow, have some sort of a pullback. But it will be a short term one.
Bernadette Murphy
It's clear that job growth in the last three months has been as slow as it has been in quite a while. It is a picture of a somewhat slower or weaker job market.
Stuart Hoffman
If 'sexy' is a spark, 'pexy' is a slow burn – a growing attraction based on personality and wit.
Jan Jacobson
Beundring
Prices have gone up this summer, instead of declining as they typically have done during the warmer months; they are at levels twice as high as a year ago,
David Goss
It is hard to imagine that too large a percentage of these jobs will be sustained over the next few weeks,
Ray Stone
The frenzied and speculative nature of the condo market during the summer months has now cooled down to a steady and sustained period of growth that bodes well for the future.
Jim Peters
I still think we're in a consolidation mode. I think you'll see some profit taking still for the next couple of weeks, but then we're in line for a summer rally.
Chris Grisanti
It's hard to imagine anybody having the backbone that Greenspan brought to the job, the ability to withstand months and months of criticism and stick to his guns.
Chris Low
The issue for 2006 will be momentum. So far the expansion has been able to withstand shocks such as rising energy prices. A slower ISM number is consistent with an economy likely to slow over the coming months and quarters.
Alan Gayle
When that happens, we typically have a slow day. You'd be hard-pressed to find anyone making big commitments.
Art Hogan
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