Ted Weisberg Quotes (20 Quotes)

There's no conviction out there right now. The rallies don't hold.

The clearer sign that the market is ready to go higher is that you can have bad news and individual stocks or the market tends to ignore that news. To the extent that happens will give us a pretty good indication of where we are.

They are clearly a proxy for interest rates. The catalyst was interest rates.

As we put more time between Sept. 11 and today, the confidence returns to investors and traders. There's a ton of money out there looking for an excuse to buy stocks.

They Lucent gave us some pretty negative guidance this morning about how they didn't think they'd be profitable until 2003 at the earliest. I think it put a big lid on a lot of the positive activity we've seen in the tech sector.

Perhaps this is the new world, as hard and as cold as it seems. This was strictly a business decision, made by people who were removed from the trading floor.

Overall, economic news continues to be positive, corporate earnings continue to come in well and oil prices have come down this week. At the same time, you have interest rates, inflation and geopolitical issues that represent the unknown.

The tone was really good. Maybe it was just an absence of bad news and a lot of money on the sidelines. ...There's a ton of liquidity out there looking for the slightest excuse to get in. But the market continues to be range bound. Although we had a good day today, it's after two down days and it's probably mostly technical.

The rally was largely technical, so it's not surprising that there was some selling today.

This is a classic bear-market rally. I suspect it may follow through tomorrow, but I would say it's premature to get too excited about it just yet.

It was extremely slow. It was a very quiet day. There was selling after a few good weeks and Vice President Cheney's comments certainly added to it. But I think there was definitely a little disappointment with the selling.

There's a minor witch hunt going on. Everyone is focusing on the negative.

I suspect a lot of people are a little nervous. It's kind of like a hot stove and a lot of people are afraid to touch it. It's a very difficult environment a lot of people have pushed themselves away from the table and you don't have that momentum that you need.

It was not a pretty day. Sort-of like beating a dead horse.

Tomorrow we'll see how the market reacts to Intel's news. Remember, the market needs to look forward but earnings are trailing and not looking forward. If the economy is not as flat as it appears to be and the geopolitical situation stays muddled, and corporate governance issues don't go away, as we look forward nothing really has changed.

I think a lot of people are looking for some positive signs coming out of the economy. So therefore any data that doesn't support that wish is going to put a blanket on things.

Giving back half of the rally probably sets us up for neutral trade tomorrow (Tuesday). The silver lining is that what's being created before our eyes are some pretty compelling and attractive values.

I think this is a normal pullback from a very big move. IBM's downgrade and UAL we can use as an excuse for today's pullback. I think any good news could get us going again.

I would suspect the problem is we're in this period of pre-announcements and most of it is negative so we're sort of limping along. The big test is how will the market absorb this negative news we know is coming.

Today's market was almost a mirror image of yesterday, with both starting out weak and turning it around by the close. ...There's not a lot of volume, but up is better than down.