The results were very impressive, especially given the market environment, ... Clearly the trading business made the quarter, helped by Spear Leeds, which obviously distorted it a little bit.
More Quotes from Tim Ghriskey:
There are a lot of investors we find who are hanging on to technology stocks with the hope that they're going to rebound, and that's still a very dangerous thing. We really need the capitulation of those investors. So we still could see more downside on the Nasdaq and in technology.Tim Ghriskey
I think there is a growing perception that the next move by the Fed could actually be to ease -- in other words, lower rates. Now, we're not going to see that certainly before the election, but we could see it late this year, early next year. I think as that perception might spread through the markets and become the consensus, we could actually see a rally in technology stocks,
Tim Ghriskey
There are some high-profile upgrades this morning, and Exxon Mobil and Intel are certainly helping the market. Adobe earnings, the current account number coming almost in line, and the moderation in oil prices will be a positive on the market.
Tim Ghriskey
Big positive surprise, especially in the face of the spike in oil prices in August. The guidance to a higher number for the year just shows that the core business is extremely strong and the company is confident that it continues to strengthen for the rest of the year.
Tim Ghriskey
This is a company where management is still committed to spending earnings to stimulate future growth and market share. You are betting with management that their efforts are going to pay off. Is there any guarantee No.
Tim Ghriskey
The focus is always on retailers on Black Friday, and early speculation is that concerns about early retail spending are overblown and that we're going to see a reasonable holiday season.
Tim Ghriskey
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Based on Topics: Environment Quotes, Trading QuotesBased on Keywords: leeds, spear
Even God cannot change the past.
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Trevor Rabin
Look, only in Washington is not raising taxes considered a tax cut. Nobody's getting a tax cut here. We're not cutting taxes. We're preventing tax increases from occurring.
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