Tony Dwyer
Tony Dwyer
entertainment exactly growth industrial investors realize sector steel stocks
What's important for investors to realize about the Dow is it's not just steel stocks and industrial-related stocks. There are growth stocks. There are financial, entertainment and industrial stocks. So when one sector isn't doing well, another sector may be doing well. And that's exactly what's propelling the Dow.
There are a lot of gut-wrenching, earnings-driven disappointments that you have to wade through to be able to come out the other end,
backing due following head worth
We're due for a week's worth of consolidation. Just some backing and filling. Following that, we can head higher.
god good hope hoping investment people planning trapped
If someone is planning to get long today, God bless. People are trapped long and they're hoping to get out and they're hoping it recovers. Hope is not a good investment thesis.
assumption evidence looking negative people support turn
People are looking for something that isn't necessarily going to happen. They're making the assumption that things are going to turn negative and there's no evidence to support it.
buying headed higher people
I think we are headed higher over time. I think people should use any pullback as a buying opportunity.
clearly
I think we are going to get a pause. I do think that the Nasdaq has clearly overshot the fundamentals.
buy heard internet money people spend
the people that have heard that this Internet thing is pretty neat, buy they didn't want to go out and spend a lot of money on a computer.
gone lost people worrying
People have gone from worrying how much they lost to worrying about how much they have left.
act alone christmas coast consumer dispute enter fact force market number retailers season shopping suffering west
That fact alone could act as a stabilizing force for the market this week. The U.S. consumer has been the linchpin of this economy. So this number doesn't bode well, especially as we enter the Christmas shopping season and retailers are already suffering because of the West Coast ports dispute .
advance constantly decline far fast gone hear indicator longer major market stay time
I constantly hear the market can't keep going higher, that this advance has gone too far to fast and that a major decline is imminent. But every time I try to find an indicator to make me want to sell, I find something that makes me want to stay long and get longer instead.
early grind
You can't get in when you need to because it spikes too quickly, and you can't get in early because of this continual grind lower.
couple days depression driven improving looks market poorly rally recent street three wall weeks
The market has done poorly over the recent couple of days and weeks. Three weeks ago, the fundamentals were improving and all was well with the world. Now there's depression back on Wall Street and it looks like the 'Santa Claus' rally is not going to happen. Having said that, this market is also driven by emotion.
expected happens higher markets morning reflection relief shortened today trading volume
The futures are higher this morning because the markets don't really see anything happening. If nothing happens we'll probably get a relief rally. Today is a day of reflection for everybody. It's also a shortened trading day, so volume is expected to be light.