I think people placed bets today based on (the data). By buying stocks today, you are assuming we won't get bad news tomorrow.
More Quotes from Alan Skrainka:
It's a very cautious market. We're saying take a step back from the day-to-day and look at the big picture.Alan Skrainka
I think this is one time the Fed is behind the curve.
Alan Skrainka
Individual investors have to separate the statistical noise of week to week numbers and focus on the big picture.
Alan Skrainka
(U.S. companies) now have to compete against this flood of cheap Asian imports.
Alan Skrainka
The easiest thing is to be bullish when the market is rising and bearish when the market is falling. But as we all know, that's not how to make money in the stock market.
Alan Skrainka
I don't think we can read anything at all into it. It's a lack of conviction and a lot of fence-sitting.
Alan Skrainka
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