Bryan Piskorowski
Bryan Piskorowski
autumn christmas gunpowder happen left month rally saw time wrapping year
We're wrapping up a year where we saw the Christmas rally happen in the autumn time frame. There's not much gunpowder left in December, so it's a month of digestion.
bottom consensus numbers seem trying undermine
We keep trying to see a consensus for when things will bottom out. But then we keep getting these numbers that would seem to undermine that.
apathy bear cause effect general market positions psychology taking toward viewed
We don't need a cause and effect here. We have bear psychology gripping the market so there's general apathy toward taking positions -- rallies are viewed as short-lived and trader-oriented.
four giving good healthy percent ran
We ran 8 percent in four sessions, and now we're giving some of it back. It's just good old-fashioned, healthy profit-taking more than anything else.
hard hero market nobody past people step trade willing
You have nobody willing to be a hero here -- it's hard for people to step up to the plate. Trade over the past two sessions has been very speculative. If you removed Iraq, you'd probably have a market that was doing OK.
bring data forth forthright question side understand
We understand the manufacturing side is in a recession. The question is, Will the data bring forth a more forthright (aggressive) Fed?
below coming conducive data economy grips help landing looking monetary percent plight policy question reality soft stocks support
We're coming to grips with the reality that we had an economy that was cruising at 3.6 percent and is looking at 2.7 (percent) or below in the third-quarter as a revision. The question is how soft a landing are we going to get. A more conducive monetary policy would help the plight of stocks but we've got to see some data to support that notion.
bit corporate earnings news vacuum wait
We are in a bit of a news vacuum as we wait for the deluge of corporate earnings reports.
lack late low move seen short volume
We've seen late day short rallies on low volume that are exaggerated by lack of supply. The move has been overrated,
bits bush close effect election fact george nuances
I think the fact that the election is so close is having an effect on the Dow. It's (the race) so close here that little bits of nuances like a 24-year-old story on George W. Bush is having an effect on stocks.
fairly healthy profit run taking week
I think a week of profit taking is fairly healthy after the kind of run we've seen.
ahead deal fertile generally investing market relatively roads slowing
I still think it's a relatively fertile investing environment. There are better roads ahead and the market is generally going to try to consolidate and deal with a slowing economy.
action costs good labor numbers pace unit
For the Fed, the productivity numbers and the very well-restrained unit labor costs are good news, confirming that they didn't have to take action to pace the economy.
digestive finger hoping market
This is more a digestive phase. You have a market that's grasping and hoping to try and put a finger on the bottom.