Mergers are looking to help us hold our ground today.
More Quotes from Marc Pado:
It looks like some seasonal New Year's buying will give the market a bullish start, but this January faces many negative technical obstacles.Marc Pado
The market had been ignoring the recent run in crude, brushing it off as temporary emotional buying as a hedge against economic sanctions against Iran. Whatever the reason, oil is back up against all-time highs, and that was making the markets nervous.
Marc Pado
It will impact the Dow but on broader basis it won't do much to the market. I think there are much bigger factors today such as the semiconductor index above its 200-day moving average and it faces some cautious comments out of Merrill,
Marc Pado
Most everyone has rather positive expectations for double-digit (corporate earnings) growth for the first quarter. That is already 'baked in the cake'.
Marc Pado
We are facing a large number of Katrina-related warnings, ... The market is just coming to realize that it is going to be a tough September.
Marc Pado
The bulls have some work to do today.
Marc Pado
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