The financials have had a good run the past couple of days. The tax ruling (on income trusts) has got people thinking that there is some value in financials.
More Quotes from Peter Byrne:I guess everybody is just catching their breath, trying to catch up and nothing seems to want to lead us here today. I'm not sure what the next impetus will be to take the market higher, but today we are just going to tread water.
I'm impressed. I thought we would have had more of a subtle day, but the financials are up strong, so that is helping us out here.
It looks like the gold and oil prices are down, so we will probably give a little back.
Some of these commodity stocks continue to surprise us today.
We have the commodity prices up, so there will be strength in those sectors this morning, ... As long as gold and oil are up, we will have a little bit of strength at the opening.
It's comparable to a monster shotgun blast. It's accompanied by considerable tissue death,
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We cannot do everything at once, but we can do something at once.
To be anywhere near an enormous ocean liner when you are just like a fish in the water is frightening.
John C. Hawkes
But I got drafted out of high school, and my mother wasn't having it. She was like, you're not about to think that you can just play ball, because if you get hurt, you're going to be out of luck.