Jon Brorson
Jon Brorson
bounce hope key market quick rally support
I would hope that the market will try to rally here, and bounce off these key support levels. If it doesn't bounce real quick in this area, we could have some real problems.
correction couple months past stocks
The choppiness we've had over the past couple weeks, the volatility, suggests stocks are vulnerable. It suggests we're looking, in the months ahead, at a correction in the marketplace.
acting crude falling positive price thanks
Energy's acting well even with the price of crude down thanks to the Exxon upgrade. That's why we're falling more on the positive side.
consumer crude darn energy horrendous negative price sector sentiment strong
Energy has been pretty darn strong even with the price of crude down. In fact, the only real negative sector is consumer discretionary, because of the horrendous consumer sentiment numbers.
bull business buy cheap cyclical market meaning means sell slow takes terror trading
It takes a long time, but because of inflation, world terror and a more stop-and-go business cycle, we think P/E multiples will be in a slow eroding phase, ... That means the market will be more of a cyclical trading market than a sustainable bull market, meaning you've got to buy when things look cheap and sell when they look expensive.
coming maybe money seems start work
It seems like maybe some new money may be coming to work at the start the new quarter.
companies earnings hear investors last putting seems start stock waiting week
It seems the confluence of events, with Delphi, and the week you had last week, you start out here pretty tepid. I am not putting much stock in what the earnings are, but I think investors are waiting to hear what the companies would say about the outlook.
bad bear months small
It suggests we're looking, in the months ahead, at a correction. A big, bad bear market? No. But a correction, especially in small and mid-cap stocks.
bonds continue crude good last momentum rally setting stage today week
They managed to rally after being down most of Friday, so I think some of that momentum will continue today. Crude is off a little bit, bonds are up, so I think it's setting the stage for a pretty good day today on the back of a pretty good week last week.
data meaningful since sort trade
I don't think the trade data is that meaningful since it's sort of sandwiched between the FOMC and tomorrow's CPI.
earnings market problem reason rough season whatever
The market is just awaiting for the earnings season to begin. October, for whatever the reason, always has a rough start. For some reason, the market has a problem with the month.
expected greater inflation looked report showing statistics
The GDP report looked pretty good, showing greater than expected strength, with inflation statistics not bad.
expected inflation looked report showing statistics
The GDP report looked pretty good, showing greater-than- expected strength, with inflation statistics not bad,