It's still a situation where fundamentals are decent, but the pressure of the continuing high oil prices and a profit surprise, like HP today, persist,
More Quotes from Joseph Battipaglia:
There are two things that got this rally started late last week -- short-covering and an expectation that this (war) action will be brief, ... If this war is executed right, you could see a bounce off the action, but it's going to remain volatile this week with so much up in the air.Joseph Battipaglia
The devil's in the details. The key deadline for Iraq is Dec. 8, when it will have to come clean about what they have by means of weapons of mass destruction. It remains to be seen whether the United States and the U.N. are satisfied with those explanations.
Joseph Battipaglia
Today's ISM services number was a disappointment. The economy can't improve if the only sector expanding is the consumers. And now the mixed retail result is raising concerns there, too.
Joseph Battipaglia
I think gold is not the right place to be right now, ... The dollar and U.S. Treasuries are now the safety valves.
Joseph Battipaglia
I'd say we're doing very well, all things considered, ... Clearly, there is more money available out there, when even sectors that are fairly stretched, like tech and banks, are doing well today.
Joseph Battipaglia
The positive tone has more to do with the economic data that showed some signs of life in the economy. We've got through the Enron debacle and some selling that represented investors looking to lock in profits earlier on, ... Now we're starting to get a serious picture of what next year looks like, and it's probably the first serious step toward an upward move in the market.
Joseph Battipaglia
Readers Who Like This Quotation Also Like:
It's my responsibility as a singer-songwriter to report the news.John Mellencamp
The pressure of survival in the big city will make you lose sight of your dream... Hang in there.
James De La Vega
It's really important to draw the line on what we do as actors.
Anna Friel