Bryan Piskorowski Quotes (80 Quotes)

While investors seemed to take the news in stride, to a certain extent, you have traders in fear of the tape, ... Rumors and innuendo are still sparking knee-jerk reactions and that's reflective of how many itchy trigger fingers are out there.

The elusive trough in corporate profits does seem to be at hand, but what the Street is looking for is confirmation. What we're looking for is the guidance and giving of the time frame of when the worst will be over.

The issue with this quarter lies in the fact that you have hurricane-related issues playing into the fray. I think it's going to make for a somewhat murky earnings season,

It's been all rumor and innuendo for the most part, ... People are trading this. A lot of people have already positioned for what they think will be the next move.... It's nice to see a little bit of livelier action.

One thing that we're still concerned over is the slowing earnings growth on a year-over-year basis. Likewise, we're still concerned about slowing economic growth.

It was really a story of positive earnings on the tape and no major hiccups on the economic front. You had decent reports from three sectors in general industrial, tech and health care.

The Fed cut 100 basis points (one percentage point) in January and we've got another 50 under our belt now. Monetary policy is a slow moving beast and ultimately it's going to take some time to turn this economy around.

There is still going to be a lot of uncertainty through the next few days, ahead of the data.

We are in a bit of a news vacuum as we wait for the deluge of corporate earnings reports.

There's a certain amount of anticipation about earnings. The earnings focus is likely to be tech and Intel for the next few sessions, and then Thursday and Friday, it's all about the banks.

There is just no good news out there right now, and people are not willing to get involved in the market going into a weekend. You've got a buyers' strike going on.

It's a really light week on the data calendar and, ultimately that's going to be the proof in the puddinghow are we going to trade in an information vacuum.

Ultimately what we're trying to come to grips with is the fact that we understand that second-quarter earnings are not going to be good but the timing of a recovery is hanging over our head. We'll get some forecasting, looking out, but it's what those forecasts say that puts proof in the pudding.

But the big picture is that there's no catalyst for the market. This is seasonally the weakest month of the year. The economy is nothing to write home about. The market is building against this tide every day.

Selling on the news has been the mantra for second-quarter earnings season. What's more has been the bull's inability to piece together any kind of winning streak, ... With sustainability in question and anxiety abounding about tomorrow's (Thursday's) Employment Cost Index and Friday's second quarter GDP, few players are willing to step up to the plate today.

We're seeing some good old-fashioned short-covering in over-sold market conditions. There's a 'take no prisoners' kind of market mentality at play. Investors are playing it close to the vest and the feeling is that more can go wrong than can go right.

The bankruptcy filing and other stock stories are weighing on us a little, and you've got the Federal Reserve meeting and the CEOs signing off on the books hanging over us, but mostly you're seeing stocks a little skittishness after four days of gains last week.

The big picture here is that we're pretty quiet, ... We are in the seasonally strongest month of the year, so that supports us, but the fact that everyone's so bullish is a bit worrisome.

The fact that bonds are falling has the markets a little worried. The past couple times that oil spiked, bonds rose higher and the equity investors took solace in that. Now you've got to wonder if bonds are feeling the effects of inflation as well.

The stock market is still hung over after Greenspan's speech yesterday,

I think the market got a little over-extended today on a tech rally. Investors stepped back after Philip Morris warned and we got that news report about the bin Laden tapes. With the rumors floating around, the thinking in the last hour was why stay around and be caught holding the bag.

We understand the manufacturing side is in a recession. The question is, Will the data bring forth a more forthright (aggressive) Fed

We've had pretty sizable gains in the last two days, so you're seeing a little rotating out of sectors and some profit taking. Last week we had a one-hit wonder. This week we're trying to see if we can do a little better.

It looks like a lack of bad news has brought out a little short-covering. It's a respectable open after the last couple of days we've had, but I'm hard-pressed to call it any trend.

It's been a disastrous week and we're just limping along here -- ultimately we're in a profit recession and the question is how long will that linger, which is frustrating the plight of equities. In the bigger picture you have a market that is clearly unhappy, and that stems from the lack of visibility.

What we're looking to do now, with the market back, is to upgrade the portfolios. Real hot to trot tech stocks, especially in the Internet area, have really come back,

We're giving back a little, but you need to put it in perspective. The Dow lost 1,700 points from July 5 to last Wednesday, and then made up north of 1,000 in four days. So a little profit taking, particularly when you've got weak consumer numbers and other factors is certainly no surprise.

We've had some rainbows, but the themes of low visibility and investor uncertainty have run loud and clear here. But you get to the point where selling has run its course and late-day flurries have shown that this process is under way.

Revised GDP is going to be key. If we have a weaker than expected GDP number that is going to weigh on the Fed,

In the first half, defensive stocks like tobacco, managed care and personal products were at the forefront. Now it's more aggressive, riskier growth-type names. It's been an interesting year.

We're testing the bulls' resolve with all these economic data each day. Chicago PMI, due out tomorrow, is a May number, which is important.

A couple of days of profit taking is healthy and I wouldn't be reading too much into it. The discounting nature of the market being what it is, we just got a little ahead of ourselves.

And that's why we're going to stick close to the earnings tree, closer to the large cap names.

There's still a huge disconnect between the recovering economic factors and the stock action, and corporate governance concerns are a big part of that.

Earnings have been good, but we're priced for perfection. The bulls want a stronger wine to keep the party going.

There's been a pare back and pause motion going on in the market. As we move into a holiday weekend, it could be a good thing that we don't get too far ahead of ourselves.

You've got HP today. You also have a structural shift, a seasonal shift that is very positive right now,

For the first nine months of the year, you had a leveling, a digesting of the rampant gains of 2003. Starting in mid-October, it got better.

We're wrapping up a year where we saw the Christmas rally happen in the autumn time frame. There's not much gunpowder left in December, so it's a month of digestion.

Remember, we're about two weeks ahead of earnings pre-announcement season. So, that's going to be our next major hurdle here with the market. But looking at the data, you have to say that the Fed have been vigilant and have been bringing us in for a soft landing. And I think that, while you do have some casualties there obviously, the retailers have had a really rough week here this week.

Productivity has been a feather in our cap for quite some time, so the drop is viewed as a disappointment.

We've got some decent data points to work through over the rest of the week. The new home sales, initial jobless claims are particularly important and Friday we have Michigan sentiment. But it's been the case of late that if the news is good, nothing happens and if the news is bad, we sell, so we'll have to see how these reports play out.

Clearly trading here in the month of May feels more like August. But bottom line here, yes, we are, we're pinned in by interest rate uncertainty we're pinned in by the Fed meeting coming up at the end of June. Obviously with those two things hanging over our head, the bottom line is the market really hasn't been taking a position on either side of the coin. In the last two weeks, we've basically been trading -- I can't believe this -- in the 10 percent range on the Nasdaq. But that's what it's been.

Monday morning you have the whole election thing going on with the (results) of the recount issue but the election is just a near-term phenomena. Everybody is worried about the economy with respect to where we stand. The notion here is that we have a slower earnings environment and a slowing economy.

For the market as a whole, we're moving into this phase of awaiting information flow so that leads to some lackluster action. This is a time for patience and we should take solace in the fact that things are not getting worse.

We're pinned in by interest-rate uncertainty, we're pinned in by the Fed meeting coming up at the end of June. With those two things hanging over our head, the bottom line is the market really hasn't been taking a position on either side of the coin.

This morning it was really a story of positive earnings on the tape and no major hiccups on the economic front. All in all, it's going to play out as a respectable but not blow-out earnings season.

But it's going to be a quiet week. A lot of people are on vacation, there's little in corporate reporting or econ data, Congress is still in recess. We lack drama right now, which means we're going to be left to our own devices, which could be good or bad.

Some weaker-than-expected economic data is supporting the plight of equities (Thursday). With six rate hikes from the Fed now under our belt, we are beginning to see signs of an economic slowdown, suggesting that there could be light at the end of the proverbial tunnel.

Stocks are extending their win streak to two today as bargain hunting and good news on the earnings front brings the bulls back.