Mike Driscoll
Mike Driscoll
key sort
There's sort of an elegant, causal hedonism here. Not decadent, not raffish, not Key West. But we like to have fun.
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The apparent concern is that Wall Street would view such a move in a negative light, and cruise leaders are trying to (downplay) the long-term impact that rising fuel costs are having on their business.
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I would have thought the big telecom deal announced would have brought a little more positive tone for the market, but people are trying to figure out how to play it. You do have a little softer tone in commodities after energy prices rallied on Friday.
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It's the impression that the series of interest rate rises are nearer the end than the beginning, and people were bored after last year with the market flat on the year.
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The best thing for the market this morning is probably the fact that gas and crude oil are retreating.
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I think the market may focus on the gasoline numbers, which showed much bigger numbers than were expected. Eventually I think they're going to turn out to be negative for commodity prices and will probably weigh on energy stocks as well,
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The data that stands out is the gasoline inventories, which are up more than twice what was expected. The initial reaction is a little negative due to huge increase in gasoline.
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A lot of people are viewing the rally in the Dow as being a little suspect. We've got a lot of earnings coming out this week, which would increase volatility.
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Oil is strong and that is helping oil companies, but it is surprising the broader market is as strong as it is, given higher oil prices.
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Once the stocks do start to go (higher), a lot of people are going to feel like they missed the boat and be forced to scramble after some of these names. And that's what begets rallies.
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Investors are searching for sectors or groups that have not participated in the recent rally. Tech stocks have certainly been left behind by things like energy.
behalf claims numerous submitted
He submitted claims on behalf of numerous individuals,