Roy Blumberg
Roy Blumberg
continue earnings economy employment good meanwhile numbers pickup picture power strong suggest therefore wage wall
The strong employment numbers say there's still power out there in the economy and therefore the earnings picture will continue to be good. Meanwhile the hourly wage number was not that strong so it doesn't suggest any pickup in inflation. So it's a good number for Wall Street.
comments economic far investors numbers
Basically, if any of the economic numbers are too far off of expectations -- especially after Greenspan's comments -- that's going to make investors nervous.
discount energy fact higher inflation market people picking prices rate reality regular sign slightly start taking though willing
Even though the regular rate was slightly higher than expectations, right now the market is willing to discount the fact that energy prices are an important component. The reality is, it's an important sign and inflation is picking up. The fact is, people have to start taking a look at energy prices as a concern.
gains hold market pulled stocks technology
Technology stocks weren't able to hold their gains and the market pulled back.
bottom continue driving focus group looks market perform slowly starting stocks technology work
Technology is really driving the market but we are starting to see a focus on energy. I like these stocks and it looks like they will continue to perform well. I think that group has made its bottom and it's going to start to slowly work higher.
few fewer last market money months rest running
While the Dow has been running up to 7,000, the rest of the market is doing very different things. Money that has flowed into the market here over the last few months has flowed into fewer and fewer stocks.
bonds caps economy event large means next number potential time
The next potential market-moving event is the PPI. Every time there is a number that suggests the economy is too strong, bonds come under pressure, which means large caps come under pressure.
article trading
Take away the Cisco article and you would have had a much better trading day.
band couple downside last market rubber stretched upside
We really got the market oversold after the last couple of weeks. We have stretched the rubber band enough on the downside to get some upside bounce.
bullish consider couple markets months ourselves
We still consider ourselves to be bullish but we're not as bullish as we were, obviously, a couple of months ago. The markets had a pretty big run.
again bond built coming drove federal increase lessens monetary next policy prices reserve stock taken yields
This lessens the possibility that the Federal Reserve will tighten monetary policy again at their next meeting. One more increase was probably built into the market, so it's now being taken out of the market. That drove bond prices higher, and, with yields coming down, makes stock prices more attractive.
average driving ended limited line lower number says soldiers stocks year
The Nasdaq advance/decline line actually ended the year lower than where it started, and that says that the soldiers weren't really participating, that it was a limited number of stocks driving the average up.
bad driver earnings funny good market offending positive quite reports
This is a funny kind of market, because earnings aren't really a positive driver for the market and haven't been for quite some time. The good ones don't really help, but the bad reports slaughter (the offending companies).
boat cut fast happy impact initial nice prices slowly stages stock street trying turn wall
They're trying to turn the boat very, very slowly and Wall Street may not be happy in the initial stages that they're doing that fast enough. So the first cut may not have as big an impact on stock prices as it should, but it should have a nice impact on the economy.