But it's going to be a quiet week. A lot of people are on vacation, there's little in corporate reporting or econ data, Congress is still in recess. We lack drama right now, which means we're going to be left to our own devices, which could be good or bad.
More Quotes from Bryan Piskorowski:
It looks like a lack of bad news has brought out a little short-covering. It's a respectable open after the last couple of days we've had, but I'm hard-pressed to call it any trend.Bryan Piskorowski
The fact that we're seeing some profit taking is a good thing. Yesterday, for all intents and purposes, was a win, in that we didn't sell off more after hitting those early week highs.
Bryan Piskorowski
We're seeing some weakness, which is not surprising. We've had pretty sizable gains in the last two days, so you're seeing a little rotating out of sectors and some profit taking, ... However, I wouldn't be surprised if we see a little bounce after we get through the morning.
Bryan Piskorowski
All of this building up with very little fundamentally to support it makes us vulnerable. It probably means there's going to be some news in the next few sessions that will cause some profit taking to come into play.
Bryan Piskorowski
It was really a story of positive earnings on the tape and no major hiccups on the economic front. You had decent reports from three sectors in general industrial, tech and health care.
Bryan Piskorowski
Readers Who Like This Quotation Also Like:
Based on Topics: Congress Quotes, Corporation Quotes, Government Quotes, People Quotes, Vacation QuotesBased on Keywords: econ
Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before.
Kurt Vonnegut
Today they have proven once again that the mainstream media can't print enough bad news about our troops.
Joe Scarborough
It is hard to see Judge Roberts as a judicial activist who would place ideological purity or a particular agenda above or ahead the need for thoughtful legal reasoning.
Ron Wyden