I expect a fairly calm open, maybe slightly softer. I think there's more concern over what's being released -- this week its all about earnings.
More Quotes from David Thwaites:
The background news isn't that good with Iraq and corporate news isn't that positive, so it's probably a good reason for people to step back. We've also got technical things going on pushing things all over the place.David Thwaites
I think there are a few second thoughts (like) 'Maybe the economy is a little weaker than people thought and 'Why did the Fed cut rates'. There's a holiday in the U.S. Monday. I think (the market) is going to be pretty subdued.
David Thwaites
My feeling is that the actual numbers will be OK, but that there'll still be a lack of confidence about where we go from here over the next six to 12 months. Generally, we're still likely to continue grinding sideways to lower, although at the moment it's looking like its more lower than sideways.
David Thwaites
I suspect it's going to be a fairly weaker open. Stocks are still looking for direction in Europe -- there are no big macro drivers today.
David Thwaites
I think we're going to be marking time ahead of the economic numbers Thursday and Friday. I think it will be a fairly mediocre open and I wouldn't expect the markets to do very much today.
David Thwaites
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