Oil prices in the morning would've been the biggest story, but by the close the market's incredible resilience is what investors are left with, ... It's a contrast to how the markets ended yesterday. I think so far higher oil prices have not had a major impact. There are a lot of positives driving the consumer and the stock market.
More Quotes from Michael Sheldon:
We're really seeing almost a stealth rally today. Some of the most beaten-down groups of the last few days -- like airlines and retailers -- are seeing gains. But it's not just them. Five out of 10 SP 500 groups are up at least 1 percent.Michael Sheldon
We're seeing a continuation of the trends that were generally in place through much of the first quarter. We continue to see a number of uncertainties below the surface, but investors have mostly focused on the positives.
Michael Sheldon
The markets remain overbought at current levels and could see some profit taking at any time, ... However, market internals remain very positive, so investors are reluctant to sell much into that. Given this scenario, we are likely to see more gains through the rest of the year, and some consolidation in early 2005.
Michael Sheldon
Following the disappointing tech news after the close, it looks like the market could be in for rough sledding at the open.
Michael Sheldon
The Dow is up and GM is certainly having an impact on that, (while) the Microsoft news is a bit of a psychological damper.
Michael Sheldon
It's been a choppy few weeks. While the Dow and the SP 500 have started to perform better, the Nasdaq is still below its 50-day moving average and its January highs.
Michael Sheldon
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Based on Topics: Morning QuotesWhy did they do it? Beats the hell out of me. I was just a scared kid from Kentucky, and these guys had been up in the majors for a while. I guess it was because I was just such a helluva nice kid - if you'll accept that.
Pee Wee Reese
There aren't enough days in the weekend.
Rod Schmidt
I don't much like to look back with the idea that I was doing it wrong then or I'm doing it wrong now.
Robert Sheckley