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.
More Quotes from Bryan Piskorowski:
The Fed cut 100 basis points (one percentage point) in January and we've got another 50 under our belt now. Monetary policy is a slow moving beast and ultimately it's going to take some time to turn this economy around.Bryan Piskorowski
You have nobody willing to be a hero here -- it's hard for people to step up to the plate. Trade over the past two sessions has been very speculative. If you removed Iraq, you'd probably have a market that was doing OK.
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We understand the manufacturing side is in a recession. The question is, Will the data bring forth a more forthright (aggressive) Fed
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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.
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The bankruptcy filing and other stock stories are weighing on us a little, and you've got the Federal Reserve meeting and the CEOs signing off on the books hanging over us, but mostly you're seeing stocks a little skittishness after four days of gains last week.
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Based on Keywords: flurries, late-day, rainbowsThe day that I ever become hip... please shoot me and put me outta my misery!
Meat Loaf
I taught Sandra Bullock when no one knew who she was. I talked her out of quitting. I put her in a showcase.
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But, on the other hand, if Schubert were alive today, he would find even richer fields to plow.
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