I think there's going to be ongoing euphoria about the Microsoft decision. It's not just Microsoft it's sort of a pro-business decision.
More Quotes from Art Hogan:
They're (Intel) not citing problems like currency or raw material costs they're citing demand, and that puts a spook in all of the markets, ... There's a little bit of a flight to safety and Hewlett is a news-related purchase.Art Hogan
The markets are hanging on nicely, considering the massive gains yesterday, ... Clearly, if the market can hold onto its gains from yesterday, and through the weak durable goods report today, the path of least resistance is upside.
Art Hogan
There's just no conviction to get back in, ... Right now we're in all-bad-news-all-the-time mode.
Art Hogan
Oil prices are still high, ... we've got inflation reports in the next two days and there have been whispers that the Fed could get more aggressive tomorrow, or at least set the stage for more aggressive hikes in the near future.
Art Hogan
When you have a low volume Friday selloff, you'll sometimes see the bargain hunters come back in Monday.
Art Hogan
We're looking for Tuesday to be a rebound day after Friday. After a long weekend, hopefully we'll start having folks coming off the sidelines doing a little bargain hunting and focusing on the fourth quarter and first quarter of this year,
Art Hogan
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Based on Topics: Decision Making QuotesBased on Keywords: pro-business
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