Peter Greene
Peter Greene
Peter Greeneis an American character actor, generally known for playing villains. Peter lives in New York...
ProfessionMovie Actor
Date of Birth8 October 1965
CityMontclair, NJ
asset bonds classes few happening market moves near negative news next people pull telling tells tend term today
What's happening today is very telling of where the market is right now. Typically, when there is negative news people tend to make 'flight-to-safety' moves into bonds and gold, but that isn't happening. That tells me that asset classes in the near term are very tired, and that we could see more of a pull back from here over the next few months.
impacts market near oil people prices raised rate recently relationship seeing seen stock stocks
The stock market is a discounting mechanism. Many people recently have seen their mortgages raised -- and many people have adjustable rate mortgages -- unfortunately they have been raised. Oil prices are at near highs. It impacts people's discretionary income. And I think we're seeing it in those stocks that would have a relationship to that discretionary income.
bit market pulled pushed
Right now, the market is in a bit of a fog, as it's being pushed and pulled in different directions.
due economic friday gain indicative kick market news people tendencies week
There's no economic news due Friday, no earnings, and not many people are going to be around. We could gain a little Friday if the seasonal tendencies kick in, but it won't be a significant move. I don't think this week is indicative of what's going on in the market generally.
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The opinion also on Wall Street is that more rate hikes are likely to follow this. And if that occurs, there's still uncertainty in the overall market and consequently it will be tough to get a big rally off the low, ... The market has certainly become tired. The psychology is that of a bear market. We get strong openings only to close either at the low of the day or near the low of the day. Witness what we saw on Friday. So on balance, yes, that psychology has changed.
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Next week may be a little more challenging. We're really looking forward now to third-quarter profits and the market could be in a trading range until then.
due follow market negative seems tired
It seems to me that the market is stabilizing, but the undertone is a negative one. After yesterday's advance, you'd think there would be some follow through. It seems to me the market is tired and due for a rest.
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It's a bit of a disappointment how we're trading today. It suggests to me that the market needs to do more backing and filling. We're not getting that type of follow-through you like to see. There just doesn't seem to be much conviction right now.
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Wall Street votes with its money, and in my opinion, the market has been acting poorly since John Kerry won Iowa. If the unemployment picture is indeed improving, then that bodes well for George Bush's reelection campaign, and generally, Wall Street prefers that a Republican is in office.
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A lot of people made a lot of money in the last two days, but nothing much has changed. We're still facing layoffs and the threat of action in Afghanistan, ... This is still a market that is focused on good corporate events going forward, and right now, we're not really seeing any.
market people profits run wanting
As it stands, you have a continuation of some people wanting to take profits after the run this year. If the market is up this week, it's going to be muted.
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People are comforted by Intel, but it's unsurprising that they had a good quarter, so you're seeing a little sell on the news, ... Market events get discounted more and more these days, and I think you're especially seeing that as we get into this period of digesting the earnings news.
august continue events higher market sideways tap tendency
I think it's going to continue to be a sideways market in August and into September. Seasonally, there's the tendency for selling, but as of now, there aren't any big events on tap that could take us a lot higher or a lot lower.
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The rally is clearly influenced by the ISM number. While the market looks good today, we are also getting near the upper end of the trading range, and that's something to look out for.