We've had a dramatic rally this year, and we're getting a normal pause today. The companies that are pulling back are the ones that have had very good runs. So far, that's the message of the market.
Al Goldman
This morning's economic numbers were friendly for stocks
numbers
The productivity number came in better than expected and there were fewer jobless claims than forecast.
productivity
I think we could see the Dow close at 11,000 and the S
close
today good market normal message
The performance of the major stock averages didn't make anyone happy in 2005. But when you consider what the markets had to contend with, treading water is not so bad.
happy bad water performance
When bull markets and economies start putting on some age, the bigger-name defensive growth stocks get more attention.
growth age attention start
Selling pressure was broad as the market extended its current modest setback to three days.
days pressure market selling
A number of the high tech names are getting smacked real good. It was already a market where investors were nervous already. With the darlings getting hit, that raises the anxiety level.
real names good anxiety market
This is not a bad day. We started up and we turned around and now we're doing better.
bad day
We sense that the sell-off is behind us and the market has the preconditions in place for a pretty good year-end rally,.. It's not going to be fabulous because we've already done an awful lot since Sept. 11.
sense good market place pretty
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