Bush's comments provided some short-term comfort. But shortly after, we sold back down again.
More Quotes from Matt Ruane:
It's all Texas Instruments today. After IBM and Intel last week, we're seeing tech take two steps forward, one step back.Matt Ruane
We're really in a trading range, drifting sideways for the time being as the market waits for its next catalyst.
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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
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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.
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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.
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But this is a normal pullback after the run up we've seen in October. I wouldn't read too much into it.
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