I still think it's a relatively fertile investing environment. There are better roads ahead and the market is generally going to try to consolidate and deal with a slowing economy.
More Quotes from Bryan Piskorowski:
The stock market is still hung over after Greenspan's speech yesterday,Bryan Piskorowski
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. Last week we had a one-hit wonder. This week we're trying to see if we can do a little better.
Bryan Piskorowski
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.
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
It's a really light week on the data calendar and, ultimately that's going to be the proof in the puddinghow are we going to trade in an information vacuum.
Bryan Piskorowski
This number is clearly the basis for our weakness, ... The economy's recovery has hinged on consumer strength, so this number becomes more significant.
Bryan Piskorowski
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