I think overall the market is OK, there is still cash coming into the market, but it hasn't been a very good week.
David Briggs
Source: Wikipedia
At some point, high oil prices have to matter. When Joe Six Pack has to start paying 0 to fill up his tank, you have to think they will stop buying Frappuccinos and bottled water.
start water stop matter oil
Look at Philip Morris. Its stock value was depressed for a long time on litigation risks, but after all these years the value has finally come through.
time risks
It's the same old, same old. Large cap tech is going to be in the doldrums for some time.
time
Today was a holiday for some people and that's why we had light volume,.. Another reason is that investors are still debating the impact of a war with Iraq. Some feel a war will cost a lot of money, send the deficit soaring and plunge the economy into a recession. Others think this round will go a lot faster and not cost as much. But this debate is causing a lot of people to sit on the sidelines
money people war light reason today debate iraq feel impact economy recession
Now everyone is chasing
chasing
I thought [Powell] did a great job. It was a constructive speech. The key question on everyone's mind is, 'What now?' We'll have to see how the delegates react.
key mind thought speech question job great
There's not a lot of selling pressure in the market. Having sat here and watched and traded, you could tell something has changed. It's a bit of a reprieve. I think the market has to prove itself.. But this rally feels a little bit different. It feels a little bit better.
pressure market selling
It looks to me like the market is getting a little psyched-out with these psychological levels, particularly 2,000 on the Nasdaq. After hitting that, people have pulled back a little, but there's still plenty of money on the sidelines. It could inch back up.
money people market psychological
The market's been soft for seven to eight months now.
good market cash
Life is a shit sandwich. Eat it or starve.
philosophy life
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