Tony Dwyer
Tony Dwyer
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.
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 .
cut last negative people prices saw selling sentiment strength using
It's really a continuation of the selling that we saw last week. Sentiment was negative going into yesterday, so a lot of people are using the strength in yesterday's prices to cut losses.
becomes direction environment everybody looking market negative sentiments street wall
Investors, analysts, everybody that has anything to do with Wall Street is looking for the market to go down. And in that environment the sentiments becomes so negative that there is only one direction that the market can go, and that it up.
acting consumers group numbers problem signs spend
These numbers look pretty good. The problem with the group as a whole is that we have signs of a slowdown in the economy, and they are acting like consumers are never going to spend another dollar.
bear bounce bull caught deer everybody instead market markets occur sharpest
Instead of being a new bull market starting, this is just an oversold bounce from the downtrend, ... The sharpest rallies occur in bear markets and right now, everybody is like a deer caught in the headlights.
continue earnings inflation instead market moderate numbers rate worrying
Instead of worrying about this quarter's earnings and the rate hike, let's look at 1998 now. Let's see what the kind of earnings we can have then. If there's no inflation in moderate growth, those numbers could come in very good, and the market can continue upwards.
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.
alan greenspan terms
In terms of the fundamentals of what Alan Greenspan said, there is nothing new there. The fundamentals are great.
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.
consumer industrial number production sentiment weaker
The combination of weaker industrial production and weaker consumer sentiment number
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.