The market being at these higher levels draws interest in and of itself.
More Quotes from Robert Pavlik:
Today was a bit disappointing. The bond market has a flat yield curve and people are still concerned about inflation. We're still left looking for any indication that the Federal Reserve won't raise rates as much as people are fearing.Robert Pavlik
Also some of today's selling pressure is a result of a very quiet market, with many professional investors taking the final trading of 2005 as a holiday, combined with some last minute cleaning up of portfolios by those investment managers who have made it in today.
Robert Pavlik
The earnings news has given us a little confidence and there was good news on the economic with durable goods orders and jobless claims coming in a little better than expected.
Robert Pavlik
People are pretty positive ahead of the first-quarter earnings season. There haven't been very many negative pre-announcements.
Robert Pavlik
People are looking for a Santa Claus rally, but I don't expect it's coming. The only real positive I saw today was some of the economic data. It's been a hard day to get excited about. We've seen some individual names get action, but nothing is carrying over.
Robert Pavlik
The economic data out this morning was decent, but there's some concern about continuing high prices. Oil may be pulling back, but oil stocks are still pulling the market down. It hasn't gotten overdone, but we've still got profit-taking today. We don't have any catalysts yet so we'll ride this out.
Robert Pavlik
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