The prospect of nearing the September lows is propping up the market. Certainly the news was bad last night, but the market action over the last several days has been more positive.
More Quotes from Timothy Ghriskey:
Markets don't go straight up, nor should they. What we're seeing today is very necessary. You want to see a series of small ups and smaller downs, with new investors coming back in and buying the dips. This period of selling is nothing more sinister than that.Timothy Ghriskey
The market can find something good and something bad in every economic number. If the number is strong, that's a positive, but if its really strong, people may worry about interest rates.
Timothy Ghriskey
The little bear-market rally we saw earlier and yesterday just ran out of buyers.
Timothy Ghriskey
This is a very cyclical business. If an acquirer takes on debt to do this, there is high risk in that. They could be taking on a lot of debt and restructuring costs just at the wrong time.
Timothy Ghriskey
The benign inflation data and the belief that the Fed may be closer to the end than had previously been thought has helped the market this week.
Timothy Ghriskey
The waters remain very muddy in terms of the economy, ... Friday's payrolls report made the case that the economy still has some life to it, but it's not clear yet whether the slowdown in March was temporary.
Timothy Ghriskey
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Based on Topics: Media & News Quotes, Night QuotesBased on Keywords: nearing, propping
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