Clearly trading here in the month of May feels more like August. But bottom line here, yes, we are, we're pinned in by interest rate uncertainty we're pinned in by the Fed meeting coming up at the end of June. Obviously with those two things hanging over our head, the bottom line is the market really hasn't been taking a position on either side of the coin. In the last two weeks, we've basically been trading -- I can't believe this -- in the 10 percent range on the Nasdaq. But that's what it's been.
More Quotes from Bryan Piskorowski:
It's been all rumor and innuendo for the most part, ... People are trading this. A lot of people have already positioned for what they think will be the next move.... It's nice to see a little bit of livelier action.Bryan Piskorowski
The stock market is still hung over after Greenspan's speech yesterday,
Bryan Piskorowski
I think that the averages are holding their own. You've got to keep in mind that we're coming off five weeks of gains on the Dow and the SP. The housing numbers were strong, so we're starting off the week on the right foot, but we've got a lot of economic data to get through this week and we're going to be looking for signs that the economy is holding up.
Bryan Piskorowski
We've had some rainbows, but the themes of low visibility and investor uncertainty have run loud and clear here. But you get to the point where selling has run its course and late-day flurries have shown that this process is under way.
Bryan Piskorowski
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.
Bryan Piskorowski
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. Last week we had a one-hit wonder. This week we're trying to see if we can do a little better.
Bryan Piskorowski
Readers Who Like This Quotation Also Like:
I have about 40 cars, of which 25 to 30 are what you might call serious.Nick Mason
In our western civilization we have the glorious example, the great standard of perfection and the teachings of the Christ to guide us. He acts for us as Mediator between our personality and our Soul.
Edward Bach
There are no better cosmetics than a severe temperance and purity, modesty and humility, a gracious temper and calmness of spirit; and there is no true beauty without the signatures of these graces in the very countenance.
Arthur Helps