Most everyone has rather positive expectations for double-digit (corporate earnings) growth for the first quarter. That is already 'baked in the cake'.
More Quotes from Marc Pado:
Net-net, there's probably plenty of oil in the market. OPEC left production quotas, so that's a plus for the market this morning.Marc Pado
While the market was still moving higher, the internals leave much to be desired. The action is not negative, just not impressive, which leads me to believe that we are in an up-trending trading range.
Marc Pado
Today, we're keeping an eye on the same old catalysts, rates and crude. The drop in interest rates overshadowed a rise in crude Tuesday . However, crude is still well entrenched in its trading range, on a long-term basis.
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
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
Nobody likes to fail in the fourth quarter. There are going to be companies that did well in the holiday season and they will be able to add to gains.
Marc Pado
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