Scott Wren
Scott Wren
wall worry
There will be some uncertainty and this thing will rally. It will be the wall of worry rally. I feel pretty comfortable about that.
concerns distant economy energy fallen far federal interest prices raising rates reserve second slow whether
Energy prices really have fallen to a distant second as far as concerns for the market. The big concern is whether the Federal Reserve is going to keep raising interest rates and, if they do, whether that's going to slow the economy too much.
cutting earnings guessing outlook purely result situation
Earnings have been much better than we expected, so I'm guessing the Nasdaq situation is purely a result of Dell cutting its outlook going forward.
action bad early far good late looks market people reminds today
Technically, today looks bad as far as market action goes. It reminds me a lot of late 1999 to early 2000 when people thought the good times would never end. Now they think the bad times are never going to end.
action bad far looks market today
Technically, today looks bad as far as market action goes,
forth trade
There's not a lot to trade off. You're going to see just some back and forth trading.
appealing companies stock wide
Most companies want their stock to be appealing to a wide audience.
data economy good less market modestly points wants
Right now, anything that points to a slowdown in the economy and is less inflationary is good news, ... The market wants data that's modestly positive.
ugly worse
It's ugly out there, but I don't think its going to get much worse going forward.
attention couple early good higher profile since
The attention focuses on higher profile misses, and we had a couple early in the season. Since then we've had some good numbers.
economy fed hammers home raising slowing stop
It just hammers home to the Fed that the economy is slowing and they need to stop raising rates.
data drives economy fact fed focused home market slower slowing wants
The data drives home the fact that the economy is slowing and the market wants slower growth. Right now, the market is focused on what the Fed is going to do because the Fed's been a headwind for stocks.
fed given meeting next people seems waiting
There seems to be a lot of uncertainty about what the Fed is going to say. It seems a little early, given the meeting is next week, but I do think people are just waiting around for better news.
fed good needed raising rally seems stop time
This is really what we needed to keep this rally going. The Fed seems to be recognizing that there may come a time to stop raising rates, and that's very good for stocks.