We're giving back a little, but you need to put it in perspective. The Dow lost 1,700 points from July 5 to last Wednesday, and then made up north of 1,000 in four days. So a little profit taking, particularly when you've got weak consumer numbers and other factors is certainly no surprise.
More Quotes from Bryan Piskorowski:
We're definitely at a hard point here, with inflation and interest rates kind of looming over everything. We have a market that's had a very rough October so far, and while you've got earnings coming up, that's not going to be the silver bullet for the market that it was in the second quarter.Bryan Piskorowski
I don't think anything has changed. The bigger picture is that the cloud covering from Iraq is not only holding back Wall Street, but Main Street.
Bryan Piskorowski
The bankruptcy filing and other stock stories are weighing on us a little, and you've got the Federal Reserve meeting and the CEOs signing off on the books hanging over us, but mostly you're seeing stocks a little skittishness after four days of gains last week.
Bryan Piskorowski
We're seeing some weakness, which is not surprising. We've had pretty sizable gains in the last two days, so you're seeing a little rotating out of sectors and some profit taking, ... However, I wouldn't be surprised if we see a little bounce after we get through the morning.
Bryan Piskorowski
There is still going to be a lot of uncertainty through the next few days, ahead of the data.
Bryan Piskorowski
But it's going to be a quiet week. A lot of people are on vacation, there's little in corporate reporting or econ data, Congress is still in recess. We lack drama right now, which means we're going to be left to our own devices, which could be good or bad.
Bryan Piskorowski
Readers Who Like This Quotation Also Like:
Based on Topics: Perspective QuotesIt's about giving the people what they want. So many people have told me that they've made love to my records so what I've delivered this time is an album about sex. Pretty much every song has that theme. Straight no chasers, it's booty music!
Tyrese Gibson
The more we shelter children from every disappointment, the more devastating future disappointments will be.
Fred G. Gosman
In this movement of colors I find the essence, which does not arise from a system, or an a priori theory.
Robert Delaunay