You have to be a little nervous about this number. This is going to do nothing but make us focus more on next week's Fed meeting as investors keep searching about inflation clues.
More Quotes from Ken Tower:
The whole tech sector jumped after the IBM announcement and it may spark a rally tomorrow. But it's one piece of good news. Could the impact be erased by a subsequent piece of bad news between now and tomorrow Sure.Ken Tower
The market was ripe for some good news to provide an excuse for the rally. If it wasn't (Greenspan), it would have been something else.
Ken Tower
Financials led the sector rally yesterday. Tech has been getting a lot of bullish press recently, but its relative performance continues to suffer. It's premature to put this into the leading sector category.
Ken Tower
Investors rejoiced yesterday as energy prices fell, but they ignored rising interest rates. I don't think it will be too long before the focus shifts back to rising rates and an inverted yield curve.
Ken Tower
Only 10 New York Stock Exchange stocks made new lows yesterday, so it's clear that there is a great deal of underlying market strength. Industrials remain the clear winner, as they reached another new high yesterday. Financials had a huge rally and also closed at a new high. Leadership will eventually shift back to tech, energy and basic materials, but we're not there yet.
Ken Tower
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What's money? A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do.Bob Dylan
Mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed.
Thomas Jefferson
Then all this started to pick up because I signed with ForeFront when I was in seventh grade. It got a lot busier and I was traveling a lot and it wasn't making sense. Especially at a private school, you miss two days, and you get so behind.
Stacie Orrico