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.
More Quotes from Steve Previs:
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.Steve Previs
The futures aren't indicating very much anyway and you would expect them to be down a little bit, probably a little profit-taking after the big run-up we had last night.
Steve Previs
Although this is a key psychological level, the Dow Jones is a very narrow gauge and fundamentals are still weak.
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
I think people are really concerned about this dollar. The dollar is going to go much lower than it is now, meaning people are likely to opt away from the dollar and away from U.S. investments and into investments they feel a little more comfortable with.
Steve Previs
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All phenomena are empty.
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