It's a reminder of the old angst (of international conflict), despite a good jobless report, ... People seem to be ignoring the economic numbers right now.
More Quotes from David Briggs:
We're in a narrow range, moving around about 1 percent over the last three days, and it looks like the markets are waiting for some economic figures or waiting on oil because there's really no reason to push anything now.David Briggs
The SP lost 50 points last week and today we gained back four. This is not great.
David Briggs
The market is still susceptible to bad news. You can see that in today's trade. Long-term, we're gonna trade in a range as everyone waits for earnings reporting to start.
David Briggs
We'll probably drift through February, a typically tough time for the market. We had four months up and one month down, so we're not out of the woods yet.
David Briggs
The Enron news may have been enough to distract people today, or if not, then maybe kept investors to the sidelines to take a look at what their position is on some of the companies that they were buying. However, it did have a drag on the market.
David Briggs
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