It was extremely slow. It was a very quiet day. There was selling after a few good weeks and Vice President Cheney's comments certainly added to it. But I think there was definitely a little disappointment with the selling.
More Quotes from Ted Weisberg:
I would suspect the problem is we're in this period of pre-announcements and most of it is negative so we're sort of limping along. The big test is how will the market absorb this negative news we know is coming.Ted Weisberg
This is a classic bear-market rally. I suspect it may follow through tomorrow, but I would say it's premature to get too excited about it just yet.
Ted Weisberg
I think a lot of people are looking for some positive signs coming out of the economy. So therefore any data that doesn't support that wish is going to put a blanket on things.
Ted Weisberg
There's no conviction out there right now. The rallies don't hold.
Ted Weisberg
The tone was really good. Maybe it was just an absence of bad news and a lot of money on the sidelines. ...There's a ton of liquidity out there looking for the slightest excuse to get in. But the market continues to be range bound. Although we had a good day today, it's after two down days and it's probably mostly technical.
Ted Weisberg
Tomorrow we'll see how the market reacts to Intel's news. Remember, the market needs to look forward but earnings are trailing and not looking forward. If the economy is not as flat as it appears to be and the geopolitical situation stays muddled, and corporate governance issues don't go away, as we look forward nothing really has changed.
Ted Weisberg
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Based on Topics: Sales Quotes, Selling QuotesBased on Keywords: cheneys
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Individual scientists like myself - and many more conspicuous - pointed to the dangers of radioactive fallout over Canada if we were to launch nuclear weapons to intercept incoming bombers.
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Finally, in conclusion, let me say just this.
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