Bryan Piskorowski Quotes on Media & News (9 Quotes)

While investors seemed to take the news in stride, to a certain extent, you have traders in fear of the tape, ... Rumors and innuendo are still sparking knee-jerk reactions and that's reflective of how many itchy trigger fingers are out there.

We are in a bit of a news vacuum as we wait for the deluge of corporate earnings reports.

Selling on the news has been the mantra for second-quarter earnings season. What's more has been the bull's inability to piece together any kind of winning streak, ... With sustainability in question and anxiety abounding about tomorrow's (Thursday's) Employment Cost Index and Friday's second quarter GDP, few players are willing to step up to the plate today.

We've got some decent data points to work through over the rest of the week. The new home sales, initial jobless claims are particularly important and Friday we have Michigan sentiment. But it's been the case of late that if the news is good, nothing happens and if the news is bad, we sell, so we'll have to see how these reports play out.

For the Fed, the productivity numbers and the very well-restrained unit labor costs are good news, confirming that they didn't have to take action to pace the economy.

We're hoping for the 'bad news is good news' syndrome -- that we will continue to see signs of a slowing economy and that will make the Fed more accommodating.

Inflation is rearing its ugly head again, driving today's sentiment and overshadowing the earnings news.

It looks like bad news is bad news and we have the grim reality of a slowing economy.

All of this building up with very little fundamentally to support it makes us vulnerable. It probably means there's going to be some news in the next few sessions that will cause some profit taking to come into play.