I'm surprised that the market bounced back so quickly, I thought there might have been a little more pain before it moved back up. But it looks like (Tuesday) was transitory. There's no fear investors are still full of bravado. The perception is you just keep on buying the dips because they always come back.
More Quotes from Irwin Michael:
The market is bouncing a little bit. We're still anxiously awaiting earnings numbers. Consistently, we're getting profit warnings, but while there is concern, at the same time hope springs eternal that things will turn around.Irwin Michael
A lot of people sensed the market was ripe for a rebound but it's just not happening. It's definitely not something that happens overnight, so in addition to time it's going to take some good earnings.
Irwin Michael
Most of the decline came from the banks. Banks have run up the last several weeks and part of the reason (for the fall today) was profit-taking.
Irwin Michael
The market is fraught with indecision, a little bit of anxiety. People recognize summer is coming up and things sort of drift. The market has had a bit of a recovery and now we have to see the earnings come through.
Irwin Michael
The market is like Sleepy Hollow today, there's very little going on and now there's fewer and fewer players out there. It drifts, it depends on the last trade.
Irwin Michael
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Based on Topics: Sense & Perception QuotesBased on Keywords: dips
Political and social events must also be effective, but not in a very obvious fashion. But political confusion and prolonged peace undoubtedly affect creative thought but whether they respectively hinder or help it is not at all certain.
John Desmond Bernal
I hate mankind, for I think myself one of the best of them, and I know how bad I am.
James Boswell
The instinct of nearly all societies is to lock up anybody who is truly free. First, society begins by trying to beat you up. If this fails, they try to poison you. If this fails too, the finish by loading honors on your head.
Jean Cocteau