“One thing that we're still concerned over is the slowing earnings growth on a year-over-year basis. Likewise, we're still concerned about slowing economic growth.”
“It looks like a lack of bad news has brought out a little short-covering. It's a respectable open after the last couple of days we've had, but I'm hard-pressed to call it any trend.”
“I think that the averages are holding their own. You've got to keep in mind that we're coming off five weeks of gains on the Dow and the S&P. The housing numbers were strong, so we're starting off the week on the right foot, but we've got a lot of economic data to get through this week and we're going to be looking for signs that the economy is holding up.”
“On the upside, at least the buyers are stepping back in and it isn't just all sellers. We're seeing buying in gold stocks, energy, semiconductors and other oversold names. There's also a lot of economic data coming down the pipe in the next few days and that should give us more to chew over.”
“We've got some decent data points to work through over the rest of the week. The new home sales, initial jobless claims are particularly important and Friday we have Michigan sentiment. But it's been the case of late that if the news is good, nothing happens and if the news is bad, we sell, so we'll have to see how these reports play out.”
“Looks like the dead cats aren't getting as much of a kick as we were looking for. We're seeing a month of consolidation in a historically challenged month of September.”
