All of the news we got today was negative and the market was defying it ... the news was atrocious today,
More Quotes from Art Hogan:
There are a lot of cross currents today. And there is talk that one of the big hedge funds is going under the waves.Art Hogan
Hewlett-Packard didn't please us with its results, and neither did Cisco yesterday,
Art Hogan
We really have priced in a lot of bad news. Even if we continue to see a string of (negative) pre-reports, at some point in time, we're going to start to trend higher.
Art Hogan
What Goldman is saying about Sun and EMC is IT (information technology) spending hasn't picked up that much, ... But we're more concerned about the economic recovery, so the data will probably play a larger role.
Art Hogan
We've priced to perfection, so you're going to have a little bit of a retrenchment,
Art Hogan
In terms of the thought process on the economy, today's ISM data on the services sector didn't help,
Art Hogan
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