The rally is clearly influenced by the ISM number,
More Quotes from Peter Green:
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.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
You've got the Dow transports crushed, gold is up, the insurers are down and the high techs are really tanking,
Peter Green
There's big fear. People are selling because they don't know what's going to happen. The news out of the BBC this morning that Iraq is getting ready for chemical warfare is a big part of it.
Peter Green
The market is defensive. It indicates to us that we'll see a slowing of profit growth going forward.
Peter Green
It appears to me that fiber-optics and semiconductors have begun to make bottoms, ... Particularly in the semiconductor area, I think we're seeing very early stages of the fiber optic area.
Peter Green
Readers Who Like This Quotation Also Like:
His life was one long extravaganza, like living inside a Faberge egg.John Lahr
To see the right and not to do it is cowardice.
Confucius
Delay always breeds danger; and to protract a great design is often to ruin it.
Miguel de Cervantes