Following the disappointing tech news after the close, it looks like the market could be in for rough sledding at the open.
More Quotes from Michael Sheldon:
The primary reasons behind the back-to-back triple digit losses for the Dow are fears of a U.S. policy of protectionism against China and rising oil prices.Michael Sheldon
The key for next week is that the economic data show strong growth and only moderate inflation.
Michael Sheldon
With only a couple of weeks left before the next Federal Open Market Committee meeting, investors will continue to debate whether the Fed will raise rates at its next meeting and if they don't, are they done,
Michael Sheldon
The markets are rebounding a little after several sessions of weakness that stemmed from rising oil prices, rising fears of terrorism and a sharp decline in the dollar, ... Those issues have somewhat abated today, but they are issues the market will continue to face over the next few weeks. As a result, you could see more profit taking.
Michael Sheldon
Markets are in a trading range right now, consolidating gains after the last few months. A lot of investors were looking to this week's data as a way to break out of the range, but what we've seen has left enough doubt in the minds of the bulls that we ar
Michael Sheldon
Looking ahead to next week, the more important question for investors will be 'Will the market experience a holiday hangover as investors take profits'.
Michael Sheldon
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Based on Topics: Disappointment QuotesBased on Keywords: sledding
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