Peter Mancuso
Peter Mancuso
aggressive buying good longer market
The more you have the aggressive kind of buying you had today, the longer this kind of good market can continue.
alan greenspan market people quarter recovery reserve third today
I think things went comparatively well today (Friday). The market has said and (Federal Reserve Chairman) Alan Greenspan has said that the recovery is another quarter away, that it's going to be the third quarter, not the second, which is what people had been thinking.
fed feeling god good happen horizon knows looking market meeting might news next saw week
I don't think anybody's looking at the Fed meeting because nothing's going to happen there for God knows how long. I think next week you're looking for a continuation of what we saw today... I think you just might get the feeling that there is some good news on the horizon and that the possibility of this market doing better is very, very high.
emotions market markets
You've got a market of emotions, and I think the emotions show us that the markets want to rise.
busy cut easing fed friday lousy markets next rate rest retail sales signal stocks took
The markets took a rest Friday after a pretty busy week. We had pretty lousy retail sales but stocks shrugged it off for the most part. The market has factored in another rate cut next week. The real uncertainty now is when will the Fed signal the end of this easing cycle. We think that could be around the corner.
direction earnings fog good market sure war
The market never faltered today, and it was a good close. But I think you're going to have this fog of war going forward. Also, we're not sure what direction we're going with the economy, and earnings are still spotty.
fresh market psychology seems
The market seems to have fresh life, fresh enthusiasm. Psychology is what this market is all about and when we feel good, we buy.
focusing people shock
The shock is gone. It's over. People are focusing on the future.
competing cross currents gonna range trading volatile
We've got so many cross currents competing right now, and we're in this trading range. And I think we're gonna have this volatile trading range for a while.
alan economy fourth given greenspan maybe reserve starting third
I think the stimulation that (Federal Reserve Chairman) Alan Greenspan has given to the economy is starting to take hold. It's going to take us a little while, by the third quarter, maybe even into the fourth quarter, we may see things do better.
almost light moves opportunity upside
If we have had (a recession) or are almost out of a recession, you can see this light at the end of the tunnel. The opportunity for moves on the upside are pretty high.
earnings reports
We keep getting earnings reports that are horrific.
technology
We've had a startling reversal in technology stocks.
absolutely attitude feeling few good higher highs indicative lows months moving percent skeptics week
It's been a good week and a good run. The attitude is absolutely 100 percent better than it was a few months ago. The whole feeling is different, and I think we've got enough skeptics to keep this moving along. ...The highs are higher and the lows are higher and I think that's really indicative of it.