We are obviously expecting to a see a sea of red this morning. The selling has been relentless through the night and currently the Dow is being called down about 100 points.
More Quotes from Tom Hougaard:
We could see a little bit of a relief bounce if the (economic) numbers are good. Also, today and Monday are the last days of the month, so it wouldn't surprise me if some funds throw a little bit of money at the market to boost some key names ahead of the 31st of October.Tom Hougaard
The Dow needs to gain pace above 10,500 to stand a chance of attracting fresh speculative money. Our clients have made a significant shift and are far more interested in trading UK and European stocks rather than chasing non-performing stocks.
Tom Hougaard
There is no doubt that the recent rally is fueled by a lot of short covering from bears thinking the New Orleans debacle would cause jitters on Wall Street.
Tom Hougaard
The market is on fire and with sentiment so bullish there is every reason to expect more upside, ... There are clearly many traders who are betting on an autumn rally to take the Dow to 10,000, and they positioned themselves in the market yesterday.
Tom Hougaard
The slide in the Nikkei just goes to show how deeply overbought these markets are. Players have been caught up in the euphoria. Now it's time to face reality.
Tom Hougaard
I feel that we were so long overdue a correction after the euphoria around the New Year. In the big scheme of things the only thing that worries me is that if those investors who use fundamentals to evaluate stocks change their view, then we could have seen a top that will last for some time.
Tom Hougaard
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Based on Topics: Morning Quotes, Night Quotes, Sales Quotes, Selling QuotesWell, I guess, but I just feel so strong. Actually, it was probably when I was 50 that we were trying to - to get pregnant, and I thought that I could do it then.
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I get sidetracked very easily.
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This is where young players today want to land. They want to be NBA players because of the money.
Oscar Robertson