The market is tired. I think we've had a terrific week -- not so much in gains, but more in being able to maintain the 6,000 threshold.
More Quotes from David Buik:
The U.S. equity futures market looks in good order and maybe this could be a session where some much needed progress can be made. The key economic data of the week is posted today.David Buik
The Chicago PMI data and consumer confidence numbers are important, but pale into insignificance against Friday's non-farm payrolls and the rest of the employment data.
David Buik
I think people are being more selective about tech stocks. Last week was a cracking week in the banking sector - and Germany's Deutsche Bank had the yellow leader's jersey. And I think it's important that people see the telecom sector, which has dropped like a stone ... people will be looking for something there.
David Buik
The staff count for New York was about 1,000. But one has no idea with holidays, with biz trips, biz meetings during the day, who was there and who wasn't. We are still waiting to find out.
David Buik
NYSE is looking for acquisitions. London seems totally obvious, totally sensible and I expect them to come galloping over the hill to conclude something at around the 950p to 10 pound level in the months to come.
David Buik
If you're deeply and irrevocably in love with oil, mining and utilities you're having a lovely time. The FTSE at this level without oil, mining and drugs is ridiculous.
David Buik
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