Those willing to keep their feet in the water could see the same thing at the close that we got today, a lot of reconciliation and everybody looking for something to hold.
More Quotes from Marty Cunningham:
There's some concern about the unemployment data tomorrow (Friday), but there's more concern that with so little data coming out next week, markets may drift.Marty Cunningham
This was a prototypical Friday in that traders and investors weren't eager to carry any positions over the weekend and you saw fluctuations back and forth in the market. It will be tough to get a gauge on what Monday morning will look like.
Marty Cunningham
I think bumps in a market that's got upward momentum to it is a good thing. I'm looking forward to the quarterly results that are coming out next week.
Marty Cunningham
There's so much uneasiness and so much uncertainty as it relates to holding positions that at any opportunity, people just gather themselves and get back into their shells and wait for the next move.
Marty Cunningham
Investors are very reluctant to hold positions in an environment like this. People are anticipating that if the data on consumer sentiment is fairly innocuous, the day could be over at 1030 a.m. tomorrow morning.
Marty Cunningham
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