It's just drifting up today, there's no one catalyst,
More Quotes from Tim Heekin:
The rally this morning couldn't hold up because there's just no conviction. There's some selling pressure there, but it's more that buyers have no religion. Tech and telecom are this huge drag on the market. People are buying very defensively in health care, chemicals, consumer products and pharmaceuticals.Tim Heekin
If they feel like the consumer is losing his strength and his spending power in the market, and he's going to be putting more money into savings, that's going to make the market nervous.
Tim Heekin
Everything out of Federal Reserve Chairman Alan Greenspan and the White House has been good, ... We're at a key inflection point. The fundamental issue is Are we going to have another Tyco or Enron And when
Tim Heekin
The market has been down, triggered by some comments from Fed governors on inflation,
Tim Heekin
The lead up to the Fed meeting was that we are going to be done soon, they are going to put the brakes on, and that fueled the momentum. But now people are realizing that they aren't done yet, and that's shifted the psychology.
Tim Heekin
You've got oil prices and the economic news having an impact today. Obviously tomorrow it's all about unemployment. That's the wild card.
Tim Heekin
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