We're going to be winding down (earnings) and more focus will be turning toward the presidential election. However, there's not much one can do since the race appears too tight to call. On a poll-by-poll basis, you could see drug stocks impacted negatively or positively, with tobacco stocks and defense stocks similarly impacted.
More Quotes from Bill Meehan:
It's a pattern that's repeated virtually every day. At least today there was a reason to open higher. This is not a good sign that every analyst was out pumping up their favorite tech stocks and here's the result.Bill Meehan
It's just a minor piece of the puzzle, but it does show the continued strength of imports - an excessive demand is a problem for the Fed.
Bill Meehan
I think there's an outside chance we could see 25 basis points (a quarter percentage point). But I think it's a long shot at this point and time. What they (Fed) say is going to be more important than what they do.
Bill Meehan
The economic calendar and what companies have to say about how their fourth quarter and next year expectations are will be critical, especially in the technology sector. That's of much greater importance than the elections situation.
Bill Meehan
We got a double dose of good news. The Yahoo revenues and earnings were better than expected, helping to pump some life into the dreary internet group and we continue to get a trickling of second-quarter earnings.
Bill Meehan
Readers Who Like This Quotation Also Like:
I have too great a soul to die like a criminal.John Wilkes Booth
But I never worked with a northern horse before. They are very different from western horses.
Julie Benz
How strange that nature does not knock, and yet does not intrude!
Emily Dickinson