Tim Heekin
Tim Heekin
behaving markets matter might negative numbers people surprised turn
A lot of people are surprised that the markets are behaving as well as they are. But there's a sense that even the negative numbers don't matter as much as they might have, that markets are preceding the turn of the economy.
favor growth
A lot of growth equities are in favor right now.
guided opportunity rocking tech
They had an opportunity to get tech really rocking if they said something positive, but instead, they guided lower.
bottom buy buying dogs expected fourth looking loss lots managers movement quarter selling stocks tax
There's been lots of movement for tax loss selling, managers looking to buy stocks that have done well this year, and a lot of bottom fishing, where they're selling some stocks that have been dogs and are buying stocks that are expected to outperform in the fourth quarter and 2005.
across feeling spread tech weakness
There's a panicky feeling that the telecom weakness could spread across tech in general,
healthy last looks market months move strong
You've had a strong move in the market in the last two months and this to me looks like healthy consolidation.
betting bond dark equity horse income market money movement people sell starting truly worth
This movement in the bond market is amazing, truly unprecedented. People are starting to sell fixed-income and put that money into stocks. Equity is starting to look like this undervalued dark horse worth betting on.
focus
There's a lot of focus on the language,
economic fourth market people reacting row
This is the fourth day in a row where there's been disappointing economic news, and the market is reacting to that. People are also doing a little consolidating before the weekend.
causing company economic news purely technical
This is purely a technical rally. There is no economic news, no company or sector-specific news that's causing this,
action driven fact hanging namely negative news
Action is being driven by the news of the day, namely Microsoft, Nortel, Qwest, ... The fact that we're hanging in there with so much negative news out there is good.
correction lower seeing
I think we probably need to take it even lower before the correction that we've been seeing is done.
beginning buyers earnings good higher news rally ran time
I think the rally just ran out of gas. You're right at the beginning of the earnings reporting, and all the good news is priced in, and buyers are getting a little tired. I think it's time for a little pullback. After we see a little consolidation, then we can go higher again.
continue continuing fall few next oil prices pull stocks
I think even if oil prices continue to fall for the next few days, we're probably going to see stocks continuing to pull back.