It's been a steady, slow grind down, the same thing we've been seeing for weeks, ... You have the financials getting hit hard on the Enron stories and concerns about debt. Citigroup is heavily weighted and it's having an impact on the rest of the sector.
More Quotes from Tim Heekin:
A lot of people are taking the week off and there's not much news, so that creates this volatility.Tim Heekin
We've been on a tear and it's just kind of flattening out today after hitting some near-term highs yesterday.
Tim Heekin
What started this two weeks ago was the big pension funds and other institutions coming in, seeing that bonds were getting over-valued and shifting money out of fixed income and into equities.
Tim Heekin
After that period, you could see a rally in July, with people really setting themselves up then for the second half of the year.
Tim Heekin
If they feel like the consumer is losing his strength and his spending power in the market, and he's going to be putting more money into savings, that's going to make the market nervous.
Tim Heekin
There are good trends everywhere. Some people are looking for a 5 percent to 10 percent correction, partly because they think it's healthy and partly because they want a pullback so they can jump back in. But the path of least resistance remains up.
Tim Heekin
Readers Who Like This Quotation Also Like:
Based on Topics: Debts QuotesBased on Keywords: citigroup
The individual always realizes only one of the possibilities in its development, which could always have taken a different turning whenever it has to make an important decision.
Wilhelm Dilthey
I have no doubts that it will be a major sport-in the United States. I'm probably not going to live to see that day because Americans are a little afraid of getting interested in something at which they're not very good.
Lamar Hunt
Of all the hard jobs around, one of the hardest is being a good teacher.
Maggie Gallagher