The futures are higher this morning because the markets don't really see anything happening. If nothing happens we'll probably get a relief rally. Today is a day of reflection for everybody. It's also a shortened trading day, so volume is expected to be light.
More Quotes from Tony Dwyer:
We could pull back a bit, but it will be limited to about a 5 percent decline and it will be quick. This market rally has not been about buying interest, but about the total lack of selling interest.Tony Dwyer
You would imagine that after a 19 percent gain in Nasdaq and after people thinking about it over the weekend, that they'd be out there selling. But it ain't happening.
Tony Dwyer
They supply almost all the largest telecom companies in the world with some of the backbone products for voice messaging and things of that nature, ... This stock has surprised analysts -- met or exceeded analyst expectations for 20 straight quarters.
Tony Dwyer
We're due for a week's worth of consolidation. Just some backing and filling. Following that, we can head higher.
Tony Dwyer
There's a confidence in earnings that is offsetting the other trends. If 62 oil, a downgrade of GM and bombings in London can't derail the markets, what can
Tony Dwyer
Nobody can figure out what's going to happen with the market -- they're all guessing, ... Let's say CNN or Fox or MSNBC brings up a picture of a GI in a bad situation. The market takes a dip. Is that a fundamental or a technical move No, it's a war-driven, live-video stream move, which means it's totally unpredictable.
Tony Dwyer
Readers Who Like This Quotation Also Like:
Based on Topics: Contemplation Quotes, Light QuotesThe public don't know what they want; it's my job to tell them.
Alec Issigonis
They keep extending these unemployment benefits to the point where people are afraid to go out and get a job, because the job doesn't pay as much as the unemployment benefit does.
Sharron Angle
Every time I bestow a vacant office I make a hundred discontented persons and one ingrate.
Louis XIV