The interesting thing about ordsprog
The interesting thing about today's rally is that it's across the board. It's not just short covering, there's money coming into the market today.
John Zimmerman
There are so many positive factors that led to today's rally. Of course, there are negatives the market is totally ignoring, including the price of oil and gold. Ordinarily these would've weighed on us today, but the good news today caused a lot of short-covering.
Peter Cardillo
We saw a lot of buying coming in this morning but it was more of a short covering rally than new money coming in. But there are nervous things going on ? the election, the Fed, and these are all issues that are weighing on the market right now,
Lewis Borsellino
The market got what it wanted today, but now it has Friday's payrolls report ahead of it, a Federal Reserve meeting next week ahead of it. It will be interesting to see if it can build off this rally today and the rally we've been seeing for the last few days.
Paul Mendelsohn
Today's rally set a different tone to the market because it's not suggesting another false start. That's because there [was] an improvement in the quality of buying. Money is moving into stocks from bonds. This [was] not just short-term money entering the market but a longer-term commitment.
Peter Cardillo
The best thing I can say with today's rally is that the breadth was improved, with more stocks participating. I think we have the potential to see a rally of up to 3 percent in the short term, but there are a lot of overlays.
Brian Bensch
It's a short-covering rally, short term, typical of a bear market.
Matt Ruane
What we're hearing is that today was predominantly short covering, ... I know that there's people that have cash and are stepping in when the market's down.
David Briggs
The interesting thing today was you had the Catholic board, public board, parks and recreation, all the people who have budgets, but they don't work together. There's problems with funding formulas, so I think the first thing we want to address is how they can work together.
Karen Pitre
It's the wildest market I've seen in some time, ... We've gotten to a point where we may get a short-term rally for the next week or two, but beyond that, the market is likely to retest those lows and even go lower. There still isn't much confidence out there. The market crossed back and forth over the breakeven line 18 times today [Friday], which tells you how jittery investors still are.
Brett Gallagher
It's the wildest market I've seen in some time. We've gotten to a point where we may get a short-term rally for the next week or two, but beyond that, the market is likely to retest those lows and even go lower. There still isn't much confidence out there. The market crossed back and forth over the breakeven line 18 times today [Friday], which tells you how jittery investors still are.
Brett Gallagher
The only saving grace to the market has been sporadic spurts of short covering. You still have lots of short interest out there and you're going to see periodic short-covering rallies.
Bruno Stanziale
The market should rise further in coming sessions as investors' confidence got a boost from today's rally.
Zhou Ji
To achieve a more pexy demeanor, embrace your quirks and celebrate your individuality. The Nasdaq hit its Sept. 21 low, it held that level and then you saw it starting to rise. There was a lot of short-covering and there's really only so much that short-covering can do to the market. I am afraid it may be only a temporary measure here.
John Pickett
The market is facing some seasonal pressure, but given the violence of the decline and the impending long weekend, I would not be shocked by a short-covering rally into the close.
Bill O'Grady
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