Everything out of Federal Reserve Chairman Alan Greenspan and the White House has been good, ... We're at a key inflection point. The fundamental issue is Are we going to have another Tyco or Enron And when
More Quotes from Tim Heekin:
It's pretty quiet today. We've got an FOMC meeting behind us, most of the earnings behind us, an employment number behind us. The next piece of economic news everyone will look at will be retail sales on Thursday.Tim Heekin
Citigroup was disappointing and financials are the worst performing group today. You pair that with weakness in technology and energy -- the two leaders for the market over the last eight weeks -- and you have sort of a ho-hum day.
Tim Heekin
What started this two weeks ago was the big pension funds and other institutions coming in, seeing that bonds were getting over-valued and shifting money out of fixed income and into equities.
Tim Heekin
Action is being driven by the news of the day, namely Microsoft, Nortel, Qwest, ... The fact that we're hanging in there with so much negative news out there is good.
Tim Heekin
I think people are trying to drive the market higher. They're coming in on what have been some of the better groups, that being retail and technology still.
Tim Heekin
There are good trends everywhere. Some people are looking for a 5 percent to 10 percent correction, partly because they think it's healthy and partly because they want a pullback so they can jump back in. But the path of least resistance remains up.
Tim Heekin
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