Maxioms by Douglas Altabef
The market is in a wait-and-see mode. It's waiting for confirmation of an economic recovery, some kind of resolution on read more
The market is in a wait-and-see mode. It's waiting for confirmation of an economic recovery, some kind of resolution on Iraq and on what the Federal Reserve is going to do in its meeting this month.
On any given day, the market is taking its cue from forecasts and results. Juniper was negative, so that's spilling read more
On any given day, the market is taking its cue from forecasts and results. Juniper was negative, so that's spilling through the Nasdaq. I think, overall, though, the trend through the rest of the year and into early next year will be more positive.
Below the current, the economy has been improving far more than the market reality would indicate. And all things considered, read more
Below the current, the economy has been improving far more than the market reality would indicate. And all things considered, the market is really behaving quite well today [Thursday]. But there's still tremendous anxiety; the market is held hostage to individual corporate news and accountability.
What companies report now is less influential than what they say about future quarters.
What companies report now is less influential than what they say about future quarters.
Profit news continues to be good, and we are seeing some relief from the profit taking of the last few read more
Profit news continues to be good, and we are seeing some relief from the profit taking of the last few weeks. But there is an ongoing tug-of-war between 'we've come too far too fast,' and 'the economic recovery is strong' and you're seeing that played out on a day-to-day basis.
