The stock market is still hung over after Greenspan's speech yesterday,
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
We're definitely at a hard point here, with inflation and interest rates kind of looming over everything. We have a market that's had a very rough October so far, and while you've got earnings coming up, that's not going to be the silver bullet for the market that it was in the second quarter.
Bryan Piskorowski
We're seeing some good old-fashioned short-covering in over-sold market conditions. There's a 'take no prisoners' kind of market mentality at play. Investors are playing it close to the vest and the feeling is that more can go wrong than can go right.
Bryan Piskorowski
We're wrapping up a year where we saw the Christmas rally happen in the autumn time frame. There's not much gunpowder left in December, so it's a month of digestion.
Bryan Piskorowski
I still think it's a relatively fertile investing environment. There are better roads ahead and the market is generally going to try to consolidate and deal with a slowing economy.
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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