Timothy Ghriskey
Timothy Ghriskey
bear conditions expect levels lift major market rally technical today
I think this is a technical bear market rally that we could get today (Wednesday) on oversold conditions after we went through some technical levels on the major indexes yesterday. So we can expect the market to lift up some,
bet great investor investors market proved sector technology year
If anything that this year has proved to investor or should have proved to investors is don't bet on just one sector of the market even if it is technology with that great growth,
people season wake
If (these warnings don't) wake up people that we're in preannouncement season and the preannouncements are going to be bad, I don't know what will,
buyers left maybe money starting
Maybe there aren't a lot of sellers left and buyers are starting to put money into the market,
foot labor major next people seeing shows tends volatility volume weekend
We're seeing volume but no volatility in prices. And I think that just shows you that a lot of people are away and people are not making major moves. But next week, when everyone comes back from the Labor Day weekend it tends to be a big week and they really put the foot to accelerator and go, go, go.
earnings good investors last mostly news october reason saw seeing
We're seeing the same thing that we saw in October during the last earnings period, where investors used mostly good news as a reason to take profits.
barrel crude drag falls light oil parts price rally sets sweet various
Light sweet crude is over $45 a barrel now, and that's a big drag on various parts of the economy. I think at some point, the price of oil falls and that sets off a rally in the market.
economist hikes interest last point positive rate seen thinks
What our economist thinks at this point is that we have probably seen the last of interest rate hikes by the Fed, which could be a positive thing for the transportation sector,
buyers certainly good last opportunity provided week
We've had some very good earnings. Certainly the sell-off we've had in the last week or so has provided an opportunity for buyers to come back into the market.
biggest concern consumer crude earnings global issue levels news remains
We've had some not-great earnings news, such as GM. But to us, the biggest issue remains oil. Crude up at these levels is a concern for the consumer and for corporations on a global level.
affect economy leadership market period seems terms
This seems to be a period where the market is very unsettled. There's really no leadership and that's because there's a lot of uncertainty, not only about the Fed, but in terms of where the economy is going and how that will affect corporations.
across crude impact market oil price reflected reverse saw
We saw crude reverse from the morning, and the market rises. The price of crude oil has such an impact across the economy, and you see that reflected in the market.
concerns height litigation seen track
We think we've seen the height of the litigation concerns here. We think we're on a down track here,
assets help sell trying
We think they're out there probably trying to sell this business, ... That's going to magnetize some assets and help this company.