John Pickett
John Pickett
feeling mad rushes sights sounds
I think of the sights and sounds and mad rushes of feeling and sensations that come over you all at once when you're in New York,
eighty hundred market million seven showing sure
I'm not really sure what the market is showing us here, ... Seven hundred and eighty million shares: That's not a lot.
beginning coming earnings good hands july might obstacles people reasons remove sit somehow thinking three
They are three very good reasons right now for people to sit on cash, ... If you can somehow remove one or two of those obstacles -- and I'm thinking of earnings coming in the beginning of July -- we might get some people to get off their hands and get into this market.
cash good point sitting tremendous volume
This was a tremendous day for the markets. Not so much that we had a 200-something point day on the Dow, but that the volume was so good. A lot of institutions were sitting on some cash and said, 'OK, this is a good place to get in'.
biggest happened news oil sector seemed
What happened in the oil sector seemed to be the biggest news of the day.
cash cautious dipping earnings holding sure toe waiting
dipping a cautious toe in, and I'm sure they are still holding a lot of cash on the sidelines, waiting to see how earnings come in.
bad bears bulls few market momentum next spot turn
This is a market of momentum and right now the bulls have the bears pretty much in a bad spot and I don't see anything (in the next few weeks) to turn that around.
afraid held hit level measure saw starting temporary
The Nasdaq hit its Sept. 21 low, it held that level and then you saw it starting to rise. There was a lot of short-covering and there's really only so much that short-covering can do to the market. I am afraid it may be only a temporary measure here.
break continue expected news rally
I would have expected the rally to continue tomorrow, but I think this after-hours news may put a break on it.
buying confident far feeling last market momentum people shorts technical tremendous
There was tremendous buying momentum at the close, especially in the last 20 minutes. The shorts jumped in, the institutions ... It was a technical buyback. But it still was a very encouraging day as far as I am concerned. People are feeling more confident about this market now.
full last market momentum quarter today week yesterday
This is the last full week of the quarter and yesterday (Wednesday), after two down days, the market rallied and I think there was a continuation of that momentum today (Thursday),
coming continue labor market number reason tomorrow
Tomorrow we've got a big labor number coming out and that may give someone a reason to get back in the market or to continue to get out.
days four friday past people prior tuesday weeks worth
In the past four days prior to Friday we packed in two weeks worth of work. On Tuesday people didn't just get hit; they got decked.
hang hat looking people
When you are directionless like we are right now, people are looking for something to hang their hat on,