Brian Finnerty
Brian Finnerty
buyers gonna morning number seemed
It's all the ISM number. We started the morning where it seemed like no one was gonna invest, and then all of a sudden, the number comes out and the buyers are back. It's kind of a big surprise.
announced held normal number profit ran though
When they announced it was going into the S&P, it ran up dramatically and held up. I think it's normal to get a little profit taking, even though the number was good.
add argue continue earnings good market near numbers people percent react room stocks
I think the earnings will be good but not great, and the market will react accordingly. Some people argue that stocks may have already priced in that the numbers will be fine, but I think you're going to continue to see stocks rising. The S&P 500 potentially has room to add another 6 to 7 percent in the near term.
april august economic employment focus middle might move numbers rally
The focus will be more ... on the economic numbers and the employment figures. I think we'll get an August rally that might be better ... than the head-fake move we had from April to the middle of May.
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.