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.
More Quotes from Timothy Ghriskey:
You're seeing a little relief buying after the pressure of the last three days. There was a lot of selling on the speculation about Rita, but now that it's getting closer to where it's expected to hit land, there's a backing off.Timothy Ghriskey
So the message here, spread your investments around, ... If you've gotten hurt this year in technology, learn from that and diversify your investments.
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
There's been this dramatic rise in interest rates recently, and it's sent a shiver through the market.
Timothy Ghriskey
The market can find something good and something bad in every economic number. If the number is strong, that's a positive, but if its really strong, people may worry about interest rates.
Timothy Ghriskey
These earnings really give analysts confidence that this company and the industry and the metal are well on the road to recovery and the outlook remains strong.
Timothy Ghriskey
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