Brian Finnerty
Brian Finnerty
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.
ahead due nice stocks
Stocks were due to give back a little bit. We've had nice rallies ahead of these earnings.
rocking stocks tech
After the announcement yesterday, the tech stocks were the stars, and they were really rocking today.
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.
certainly financial fit helping sector seems stock sure
It certainly seems like it would fit them (Citigroup) like a glove. The whole financial sector is in this consolidation mode, but, boy, it is sure helping the stock prices.
across board causing money power seeing stock stories strong wants work
The market's really got some power to it. It's strong across the board and there really aren't any big stock stories causing it. There's a lot of money out there that wants to be put to work and you're seeing that today. I think it's very healthy.
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.