Todd Leone
Todd Leone
good great market news philip sold
You had good news on Philip Morris. We had a great move, but the market sold off.
came intel market taking warning whacked
Intel came out with a warning and they're getting whacked on that. It's all Intel that's taking the market down.
asking market people return stock themselves
People are asking themselves why they should be in the stock market if they can get a 5% return safely.
drop market oil positively prices reacting surprise
The drop in oil prices was a big surprise and the market is reacting positively to it.
bonds inflation money people putting relatively work yields
Inflation is still relatively benign. Yields are down, which is helping. People are getting out of bonds and probably putting some money to work in equities.
continue fed interest raising statement
The wording of the Fed statement is going to be important to see if the Fed is going to (step back for a while) or if they are going to continue raising interest rates.
broken
The (Nasdaq) composite has broken out; it hasn't been here in a while.
exciting hurt moved oil range tight
Oil moved higher, which kind of hurt us. We're in a kind of a tight range today, nothing really exciting about the day.
caused happened might people positions seen today yesterday
A lot of what has happened has been caused by the quadruple witching. You might have seen people unwinding their positions yesterday and so today they come in little bit.
bin came earnings gotten looks might oil people stuff
(It looks like) people came in and read about the bin Laden stuff and might have gotten a little nervous. Oil is up again, and you've got earnings too.
giving nice seeing
We're seeing a reversal. We had a nice run-up, but now we are giving back the gains.
breaking certainly nice range
Cisco (stock) was kind of stagnant, so it's nice for Cisco. It's not breaking out of a range or anything, but it's certainly positive.
adapt changing circumstance fed philly president raise saying
The president of the Philly Fed is saying the Fed has to adapt to changing circumstances, ... With what's going on in New Orleans, I don't think the Fed can raise rates.
backing coming filling last moving overall particular
We have been backing and filling for the last two weeks, but overall we have been moving higher. There's nothing in particular going on here, just some sellers coming in.