Earnings seem to be flat to a penny better, and everyone was prepared for the worst. There don't seem to be a lot of sellers in the market, and it seems like the tide might be starting to turn. The market is fairly valued...it gives the opportunity for the economy and earnings to move higher here.
More Quotes from David Briggs:
Greenspan sparked a reaction. I guess people like to be verbally reassured that we can get through the oil prices.David Briggs
Any company out there that has some accounting concerns, either real or imagined, is getting hit today, ... There's fear out there that maybe Enron was just the tip of the iceberg.
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The latest news of the missile strike in Gaza pulled the legs out from under buyers. They stopped buying today and the market just pulled back.
David Briggs
Where that integration exists is where the poker market is going -- the mix of celebrity and average Joes.
David Briggs
The corporate news has stopped deteriorating and it some cases is just flat.
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