It's not causing a sell-off like it has in the past, but it does make it unlikely the market can move a lot higher.
More Quotes from Timothy Ghriskey:
I just think there's nothing that's come out over the last couple of days that counters the primary issues (that) the market has been punished for over the last couple of months, which is loss of investor confidence over corporate malfeasance, accounting and terrorism,Timothy Ghriskey
If you look at today, you've got to say yesterday was a sucker's rally,
Timothy Ghriskey
We're seeing a little selling today, but I think it's important to remember that we just hit an 18-month high on the Dow, and so we're going to see a little pullback short-term.
Timothy Ghriskey
Ford Motor warned Friday and that type of news is pressuring stocks,
Timothy Ghriskey
We're seeing volume but no volatility in prices. And I think that just shows you that a lot of people are away and people are not making major moves. But next week, when everyone comes back from the Labor Day weekend it tends to be a big week and they really put the foot to accelerator and go, go, go.
Timothy Ghriskey
We saw crude reverse from the morning, and the market rises. The price of crude oil has such an impact across the economy, and you see that reflected in the market.
Timothy Ghriskey
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