Peter Boockvar
Peter Boockvar
buy curve good housing indicate reason response slowing stocks trading year yield
To buy stocks just because it's the end of the year is not a good reason to do it when the fundamentals indicate otherwise. The yield curve is flattening in response to the slowing housing market. The implications can't be ignored. That's why we're trading the way we are.
cash funds gains investors market selling stocks willing year
Investors may not be willing to go way too long on stocks as the new year starts. At the same time, there are so many hedge funds in this market that they may be selling some stocks to cash in gains after November's rally.
appeared buying case itself market played rally recent seemed stocks theme weeks year
The market appeared to have had a case of vertigo. We have had a big rally in recent weeks and it seemed that the theme of buying stocks because its the end of the year has played itself out.
turns weapons
This weapons thing really turns up the heat.
certainly earnings good pockets strength
With good earnings ... there were certainly pockets of strength.
crazy giving questions week
Noone questions why we were so crazy the first week of January, we're giving back some of the fluff rally.
add bit company concerned couple days earnings financial higher housing interest large market mix past possible rates retailers sector stocks warning
Some company earnings have been good, but we had large retailers in the past couple of days warning about a slowdown in sales. That is enough to get the market a bit concerned with a possible slowdown, ... Add higher interest rates to that mix and what you have is the housing sector and financial stocks suffering.
couple markets weeks
Markets are back to where they were a couple of weeks ago.
almost fed gave sign
He gave no sign that the Fed is almost done.
companies gm goes problem
The problem with GM is that once it goes down, it drags many other companies with it.
concerned couple days including large market past possible warning
We've had large companies, including retailers, in the past couple of days warning about a slowdown in sales. That is enough to get the market concerned with a possible slowdown in the economy,
cusp market
We are concluding a mini-bull market - and we are on the cusp of a mini-bear market.
data economic good indicator key national number ourselves rest seeing setting
This national manufacturing number will be a key to the market. The economic data that we are going to be seeing now will be a good indicator of what we could be setting ourselves up for the rest of the year.
decline fed finished helped hope interest maybe oil raising
The decline in oil helped (stocks), as well as the hope that maybe the Fed will be finished raising interest rates.