The market has done a good job, considering all it's had to take in over the last few days. There's skepticism across the board right now, but no fear, no panic. I like the action today Wednesday.
More Quotes from Matt Ruane:
Bush's comments provided some short-term comfort. But shortly after, we sold back down again.Matt Ruane
It's all about the Bush plan today. Any stocks that pay dividends are doing well today, particularly telecoms and utilities. But I hope that this is not a short-term solution. A range of 300 billion to 600 billion is pretty murky. We're going to have to h
Matt Ruane
The utilities are really breaking down today Tuesday. They were seen as a safe haven play and now you have people worrying about dividends being cut across the board.
Matt Ruane
We're seeing a little bounce from oversold conditions, with stocks not being down quite as much as they were this morning, but it's still nasty out there. We're in a bear market, where we have these false rallies on a little short-covering, but there's nothing on the horizon to push it past that. It's also the end of the quarter, so you've got a lot of people sitting on the sidelines.
Matt Ruane
The near term out of these companies is shaky. It's the forecast for higher growth in the second half that is really bringing markets higher today. People are seeing a little light at the end of the tunnel.
Matt Ruane
The key here is still commodities. Oil has been above 30 a barrel for what, the last 90 days. Commodity prices need to come down. Wholesale numbers yesterday were high because of energy, because of oil. It's a concern. It's a drag on the economy and the dollar.
Matt Ruane
Readers Who Like This Quotation Also Like:
Based on Topics: Actions Quotes, Fear QuotesDo you know how many plastic surgeries are done to the actors and actresses in Hollywood?
Joseph Jackson
I always wanted to play music and have it be my career and knew this by the age of 12.
Johnny Winter
I'll tell something, a lot of times I'd listen to Charlie and some of the interviews he had and he said, 'Well, yeah, I was a garbage goal collector.' But he knew the timing. I knew where he was.
Marcel Dionne