The market is showing the classic signs of the beginning of a cycle, a new bull market.
More Quotes from Subodh Kumar:
Very high short interest numbers could be a positive for the market since it suggests this market rally was not expected by bears. If the market has recovered, then people have to cover their short positions, which means there will be more buying power.Subodh Kumar
The main focus today is the Fed. After the decision, investors will once again focus on the fundamentals of the U.S. economy and on company earnings.
Subodh Kumar
Stocks suffered today as concerns about inflation, higher oil prices, earnings and a new hurricane mounted. The outlook is a bit uncertain, and uncertainty is never good for stocks.
Subodh Kumar
I don't buy the Wall Street argument that capital spending won't come back anytime soon because of overcapacity.
Subodh Kumar
In the very short term, you are seeing a response to the economic news, and that can give the market some buoyancy. Whereas in September and October, the above-consensus earnings enabled the market to perform better than it traditionally has, in November the focus switches to the economy.
Subodh Kumar
It's easy because the euro is so visible, ... And besides, in the tech sector, you can't really blame oil prices.
Subodh Kumar
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