The stock market is a forward-looking beast, and that's why we are seeing futures dip lower even amid some very strong reports, such as the ones from financial institutions.
More Quotes from Tim Ghriskey:
While it's certainly an industry issue, we believe Ericsson is having a hard time competing in networks against competition. That appears to have led to a major shake up at the top,Tim Ghriskey
This lends a positive tone to tomorrow's opening, as well as crude being down significantly today.
Tim Ghriskey
It's taken a while to generate the real increase in trash levels that these companies benefit from. That's what we're finally seeing flow through here.
Tim Ghriskey
There has been very much a sea change of investor opinion here. We've gone from a period where the Fed was simply moderating growth to a period where the Fed is trying to restrain growth or even depress growth.
Tim Ghriskey
Clearly Delphi is under pressure here, and their threat (of bankruptcy) is a real threat. Their first order of business is to try to renegotiate some of those (union) deals and terms to ensure the viability of the U.S. business.
Tim Ghriskey
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