On the other side, in the box makers, we like Gateway. We think that we're through with the seasonally slow period. The fourth quarter is going to be the key for this stock and it has good positioning here.
More Quotes from Bryan Piskorowski:
We're giving back a little, but you need to put it in perspective. The Dow lost 1,700 points from July 5 to last Wednesday, and then made up north of 1,000 in four days. So a little profit taking, particularly when you've got weak consumer numbers and other factors is certainly no surprise.Bryan Piskorowski
We've got some decent data points to work through over the rest of the week. The new home sales, initial jobless claims are particularly important and Friday we have Michigan sentiment. But it's been the case of late that if the news is good, nothing happens and if the news is bad, we sell, so we'll have to see how these reports play out.
Bryan Piskorowski
I don't think anything has changed. The bigger picture is that the cloud covering from Iraq is not only holding back Wall Street, but Main Street.
Bryan Piskorowski
Monday morning you have the whole election thing going on with the (results) of the recount issue but the election is just a near-term phenomena. Everybody is worried about the economy with respect to where we stand. The notion here is that we have a slower earnings environment and a slowing economy.
Bryan Piskorowski
The fact that bonds are falling has the markets a little worried. The past couple times that oil spiked, bonds rose higher and the equity investors took solace in that. Now you've got to wonder if bonds are feeling the effects of inflation as well.
Bryan Piskorowski
There's still a huge disconnect between the recovering economic factors and the stock action, and corporate governance concerns are a big part of that.
Bryan Piskorowski
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