Lowe's was maybe a bit of a letdown this morning, and the other retailers and some of the homebuilding stocks are down. The Dow transportation average is also weak today, despite UAL's gains. There's really no new news today to push us too much in either direction. We've had a great run recently and a minor decline isn't so bad.
More Quotes from Peter Green:
There's some worry that the economic growth won't be as strong as had been hoped and that's taking stocks lower, ... It's the combination of GDP not growing as fast as had been hoped, and the Dow Transports, which is a leading economic indicator, falling as well.Peter Green
The market is defensive. It indicates to us that we'll see a slowing of profit growth going forward.
Peter Green
It's a bit of a disappointment how we're trading today. It suggests to me that the market needs to do more backing and filling. We're not getting that type of follow-through you like to see. There just doesn't seem to be much conviction right now.
Peter Green
I thought I had too much money to be happy and normal. Thousand of pounds is just too much for a working person to handle all of a sudden, and I felt I didn't deserve it.
Peter Green
Right now it looks pretty benign, with people selling a little after the retail sales numbers. Long-term I'm bullish, but I'm getting concerned in the short-term as to what is going to sustain the psychology if the economy doesn't start to show more of a pick-up.
Peter Green
Of the earnings this week, I'll be looking at GE. They're so broad-based in their business that what they have to say is going to be important.
Peter Green
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Based on Topics: Morning QuotesBased on Keywords: homebuilding, letdown, lowes, uals
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