It's what the company said in the conference call that was particularly worrying -- that there is no demand there and no signs of a pick-up any time soon. What looked like being a turnaround in the industry is not a turnaround.
More Quotes from Steve Previs:
There's no top-line growth -- that's the problem. Companies are cutting costs and people to meet their targets, but there are only so many people they can cut.Steve Previs
It's one way of unlocking value on a lot of disparate businesses that somehow got glued together over the last 10 or 15 years. I think it'll be pretty good for shareholders.
Steve Previs
I wouldn't be surprised if we see a big opening and then a little more stability coming into the market simply because this oil price is going back up on what's happening in Nigeria and doesn't look like it's going to be coming down any time soon.
Steve Previs
The NYSE has its own power generation system, so getting that up and running isn't a problem, but getting people there will be, ... As we approach noon (7 a. m. ET), somebody is going to have to make a decision whether trading will go ahead or not.
Steve Previs
Although this is a key psychological level, the Dow Jones is a very narrow gauge and fundamentals are still weak.
Steve Previs
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