Brian Finnerty
Brian Finnerty
believed decent economic move news
We had some decent economic news, but no one believed in the move up. There just isn't a sense that things have turned.
action companies earnings few market monkey next reporting season throw volatile watch
Earnings season is always volatile and we're just going to have to watch it. What companies say can throw a monkey wrench into market action or be a catalyst, and we have a lot of big companies reporting in the next few days.
companies shoes
There's going to be other shoes to drop, there's going to be other companies to do this.
almost federal reserve treasury
The Treasury did almost as much in one day as the Federal Reserve has done in a year.
buyers came sidelines sober today
We came in today a lot more sober with buyers at the sidelines for the most part.
assume expect good intel news people reports technology tomorrow unless
I think people assume Merrill wouldn't say something like that unless they expect pretty good news from Intel when it reports tomorrow after the bell. Intel is the technology bellwether, so if things look good for them, that bodes well for other techs.
companies guidance increase rally
I think more companies will increase guidance and the rally will continue.
markets reason weight
I don't think it's the reason the markets are down, but I think it's a big weight around the market's neck. It's like an anvil.
bit buying came convinced due individual investor last market
We got a little bit overextended, a little bit overbought. A lot of buying came into the market in this last rally. We're due to get a little bit of pullback. ...The individual investor is still not convinced he should be in the market, and he's not. I think we're going to be range-bound for a while here.
basis believe bullish cuts economy greenspan leads means needs point rather saying sooner stimuli tax thinks
What Greenspan had to say is very bullish -- he's saying let's have tax cuts sooner rather than later. If he's saying that, it leads me to believe he's going to give us a 50 basis point cut (half-percentage point). That means he thinks this economy needs all the stimuli it can get.
days exchange given lack last move percent six stock trading week
The Philadelphia Stock Exchange Semiconductor Index last week had a 20 percent move in six trading days and now we've given back over 50 percent so it's really volatile. This lack of liquidity in the marketplace exacerbates these moves.
biggest mania seen
This, to me, has been the biggest quote-unquote mania that I've ever seen in my 27 years.
days due pulling rest six
We were due for a rest, pulling back after five, six days of run-up.
earnings next week
Next week is big. It's a big earnings week, and it's a big 'show-me' week.