Scotty George
Scotty George
earlier few highs hit last market seen today weeks
I think the market today is just perpetuating the uncertainty we've seen in the last few weeks after it hit its highs earlier in the month.
corporate definitive events investors last resolution seeing sentiment today wait week
What we're seeing today and what we have been seeing for the last week is a drying up of sentiment as investors wait for some definitive resolution of world events and some new corporate catalysts.
balance crisis events hold looking love market markets several value weeks work
Clearly, the market has been on hold with the events in Iraq, and we're now nearing a crisis deadline. Markets love to work with a balance of certainty. After several weeks of selling, we're now looking at some value hunting.
confidence crisis investors northern prices safer stocks
With the confidence crisis in the U.S. markets, investors will look to more conservative stocks as prices consolidate, and Burlington Northern is one of these safer stocks.
buying creating follow lifted seeing summer value
But more generally, we're seeing a follow through on a lot of the value buying that lifted us in the summer and it's creating some psychological support.
across aol damage eight last market news ourselves push stocks tired
We've really gorged ourselves on stocks for the last eight weeks. The damage is really across many sectors. More than the AOL news -- the market is really tired of the feast. We need to push ourselves away from the table.
again believes cut energy market rates responding seeing stocks though
I think long term, even though we're down today, you're seeing some energy and drug stocks responding in a way that suggests the market believes he is going to cut rates again this year.
earlier entering euphoric fix season spike tough year
I think that we're entering into a season of commonality. Earlier this year we had such a euphoric spike in different sectors at different times, and it was very tough to get a fix on valuation and fundamentals.
determined quality successful third
I think we're going to see a successful third quarter, but it's going to be determined by the quality of the earnings.
market movement prefer though type violent violently
Lately, the market has been spiking violently up and violently down. And though we'd prefer it were different, this type of violent movement is appropriate right now. The market has come a long way.
conflict corporate economic fiscal message seeing sort terms until
Until we get some sort of clear-cut message about where we're going in terms of the conflict with Iraq, the economic slowdown and corporate profits, fiscal policy, and everything else, we're going to keep seeing this kind of action.
earnings generally happen lead looking market past pipeline sentiment stimulus strong ultimately whether
What we're looking at generally is whether the market can get past these levels. We think there's enough strong sentiment and stimulus in the pipeline for that to happen and that the earnings will ultimately lead the market, but it's a process, and it's going to take time.
expanding investors key lost near patience stocks sums technical testing
We're really testing the patience of investors who have lost substantial sums of money. We're also testing technical levels, with stocks expanding or retracting as we get near key lows.
guys high hold leadership market mean older period support tech term
I mean we've had a consolidation but we haven't penetrated any long term support levels, and so, as I said, we're in a period of commonality where traditional market leadership may take hold and make some of us older guys look a little better than the-you know, high tech performers.