Art Hogan
Art Hogan
finally gold huge impact oil peaked recovery tattooed
I think the dollar's recovery has a huge impact on the market, when you look at things like gold, which is getting tattooed today, ... I also think it's important psychologically, like when oil finally peaked in the mid-50's.
ahead fear fourth gotten hold negative ourselves
I think we got oversold, not on negative news, but on fear that we'd gotten ahead of ourselves and that things can't hold up in the fourth quarter,
calendar cycle difficult earnings economic generate interest natural news quiet reports slowing vacuum
I think we're going through this natural vacuum in the news cycle where we have a quiet economic calendar and the fourth-quarter earnings reports are slowing down. It's difficult to generate any interest in the market.
clearly effect equity exaggerate low strange summer tends vacation volumes
I think we're clearly in summer vacation mode, so we're going to have low volumes -- which has a strange effect on equity valuations and tends to exaggerate moves,
investors later start
I think we'll start getting investors into the marketplace later in the first quarter,
market price second stock trying
I think we'll see the stock market trying to price that (rate cuts) in the second quarter.
options
I think we need to get through the options expiration tomorrow,
brings buyers capture clear companies data economic good great hurdles key market news passing recently saddam short
I think there's a lot of things going on, ... We had some good news from companies like Oracle, great economic data this morning, and you had the market clear two key psychological hurdles recently -- the Dow passing 10,000 and the capture of Saddam Hussein. All of that brings buyers back in for the short term.
euphoria microsoft ongoing sort
I think there's going to be ongoing euphoria about the Microsoft decision. It's not just Microsoft ? it's sort of a pro-business decision.
last sluggish wednesday worried
Last week, we were worried about a sluggish economy, Wednesday it was back to inflation,
energy few focus interest last rates wall week
Last week energy and interest rates were the focus on Wall Street. It will probably be the same this week, as well as a few mid-quarter updates,
ability earnings interest money ongoing push season sidelines
I think earnings season will be one of the catalysts to get money in off the sidelines and the other will be the Fed's ongoing ability to push down interest rates,
ahead bid close fed frame hope market monetary people policy time tired tomorrow waiting within
People are bid up the market by the close to get ahead of the Fed on the hope of a 'Fed bounce' tomorrow (Tuesday), ... We're still well within the time frame of the Fed's monetary policy stimulating the economy, but people are just tired of waiting for it.
certainly confident hear helps months
It certainly doesn't hurt, ... It always helps to hear her say that she's still confident but it's 12 months out.