Selling on the news has been the mantra for second-quarter earnings season. What's more has been the bull's inability to piece together any kind of winning streak, ... With sustainability in question and anxiety abounding about tomorrow's (Thursday's) Employment Cost Index and Friday's second quarter GDP, few players are willing to step up to the plate today.
More Quotes from Bryan Piskorowski:
The fact that we have recovered a little even with this news shows the buoyancy that we have seen in this market over the last five or six weeks.Bryan Piskorowski
For the market as a whole, we're moving into this phase of awaiting information flow so that leads to some lackluster action. This is a time for patience and we should take solace in the fact that things are not getting worse.
Bryan Piskorowski
I think the market got a little over-extended today on a tech rally. Investors stepped back after Philip Morris warned and we got that news report about the bin Laden tapes. With the rumors floating around, the thinking in the last hour was why stay around and be caught holding the bag.
Bryan Piskorowski
The stock market is still hung over after Greenspan's speech yesterday,
Bryan Piskorowski
We are in a bit of a news vacuum as we wait for the deluge of corporate earnings reports.
Bryan Piskorowski
It looks like bad news is bad news and we have the grim reality of a slowing economy.
Bryan Piskorowski
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Based on Topics: Media & News Quotes, Sales Quotes, Selling Quotes, Success QuotesBased on Keywords: abounding, mantra, second-quarter, sustainability, thursdays
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