Arthur Hogan
Arthur Hogan
behind digest earnings market positive price relatively reporting today tried
We've had a relatively positive earnings reporting season, with most of it behind us, and the market has tried to price that in, so today may be a day where we try to sit back and digest some of our gains,
bargain continues corporate hunters news relatively tech
We're very oversold, corporate news is relatively good, consolidation in tech and telecom continues to go on, and bargain hunters are out there,
afternoon bargain clearly horrible hunting later nice terribly until
We had a terribly horrible day going on until the later afternoon when we had a nice turnaround, ... There's clearly some bargain hunting going on.
concerned good week
We've had a very good week and there's been some profit-taking. It's nothing to be concerned about.
beat depending pennies people
Depending on how you look at it, (Citigroup's earnings) only beat by 2 cents, ... It's got to be better than two pennies to get people that excited.
digest earnings energy forecast fourth guidance three week
The three things we'll digest this week are earnings and guidance for the fourth quarter, and the long-term forecast for energy prices.
act below positive spend time
If we can spend enough time below $60, I think that may act as a positive for markets.
bet days great typical willing
No one is willing to make a big bet two days in a row. That's typical of the year: We've had a lot of great days, but no follow-through.
continue facing market path running short tough unless
Right now, for the short term, the market is probably going to continue on this path for a little bit, ... Unless we get some dissipation of headwinds facing the market, we have a tough running ahead.
earnings economy fact fed positive remaining robust vigilant
The fact that the Fed is remaining vigilant is positive for earnings growth. They see a robust economy and they see that continuing.
extend feeling overall stocks
There?s an overall feeling that U.S. stocks may be able to extend their rally.
behind fed investors mode next until
A lot of investors are in a wait-and-see mode until we get the Fed behind us next Tuesday,
attention close earnings fourth guidance last looking nine people playing quarter reporting terms
In terms of this earnings reporting season, more what people will be looking for is what the fourth quarter will look like. Nine out of the last 10 times, the fourth quarter has been higher, so we'll be playing close attention to any kind of guidance we get.
fed funds last meetings positives remaining runs week
If you look at Fed funds futures for December, they are indicating that the Fed will take a breather at one of the remaining meetings this year. It's been one of the positives in the last week as it runs through investors' psyches.