Timothy Ghriskey
Timothy Ghriskey
bounce concerns correction february huge looking market monday partly response run weak
We had a correction, partly because the market had this huge run and everyone was looking for a correction, and partly in response to the weak February payrolls number. We had a bounce off that correction Monday and Tuesday, but concerns remain.
bringing correction early highs level market reached seems since stock
I think we've had a pretty significant correction in the stock market since the highs in early March, and we've reached a level that seems to be bringing in buyers.
calling correction healthy hear people run since
A lot of people are calling for a correction since we've had a pretty uninterrupted run since mid-November, and that would actually be healthy for the market, ... But when you hear everyone forecasting a big correction, it often doesn't happen.
bit correction early january might quiet stocks
You could see a bit of a correction in early January on the stocks that have done really well in this end-of-2004 rally. Otherwise, you might see a quiet period.
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.
again good leading market relative sector seeing seen sign strength technology
Yet again we're seeing relative strength in the technology sector and we've really seen this for about a week. Big Tech is leading the market and that's a good sign for that sector.
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.
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,
good numbers saw
We saw some good numbers come out of GE and UTX, which bodes well for the economy, but I think we're still in this correction.
help high intel
Expectations were so high for Intel that they couldn't help but disappoint,
becoming comments dropped fed hikes language late maybe pointing rate speeches word
But the language in the Fed comments and in Greenspan's speeches of late has been pointing to rate hikes becoming more aggressive, ... The word 'measured' is going to be dropped soon, maybe at this meeting, maybe at the next.
continue earnings few negative news number people positive potential sell short stock strong support
There have been few negative pre-announcements and a number of positive ones. Third-quarter earnings should be strong and that should continue to support the stock market. But there will always be pullbacks and volatility. There's always the potential for people to sell the news and you may see that in the short term.