It does appear that they are a bit better than what was expected and that may give a little bit of a lift to the market.
More Quotes from Michael Malone:
There is nothing specific to today's market that is driving us higher. If anything bad news has significantly outweighed good news, particularly given Intel.Michael Malone
If he (Rove) was forced to step down, it would be a pretty big blow to the Bush administration. A weakened Republican president who is seen as pro-business could raise some concern.
Michael Malone
People are expecting that Libby will be indicted and Rove will continue to be investigated. That may have contributed to the weakness of the close yesterday. Obviously it is not positive for the Bush administration and may be weighing on equity markets,
Michael Malone
We've been to 3 million homes in Bloomfield Hills. We've been to homes by the lakes. We've been to houses in new developments where new homes are still being built on the same street. It is crazy how busy we are.
Michael Malone
We moved up this morning relatively quickly up against the highs of last week, and that just so happens to be also the top of the range that we've recently been trading in on the SP. We ran up to those levels and we're seeing a little big of profit taking as a result.
Michael Malone
Some people are mentioning that crude is creeping back up to US70 a barrel, but people are focusing much more on interest rates now.
Michael Malone
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Before God we are all equally wise - and equally foolish.Albert Einstein
I guess I'm a hopeful optimist, because to be a pessimist is to be suicidal.
Peter Benchley