Peter Greene Quotations

We're seeing some typical selling after a sharp run-up. People are buying the safe names, like Philip Morris (MO: Research, Estimates) and Coca-Cola (KO: Research, Estimates), and selling anything that seems suspicious.

We're seeing some typical selling after a sharp run-up, ... People are buying the safe names, like Philip Morris (MO: Research, Estimates) and Coca-Cola (KO: Research, Estimates), and selling anything that seems suspicious.

Lowe's was maybe a bit of a letdown this morning, and the other retailers and some of the homebuilding stocks are down. The Dow transportation average is also weak today, despite UAL's gains. There's really no new news today to push us too much in either direction. We've had a great run recently and a minor decline isn't so bad.

Maytag is a very strong brand. It's had its challenges, but when combined under a new entity, it gives them the ability to differentiate its product offerings by brand and price.

Maytag is a very strong brand, ... It's had its challenges, but when combined under a new entity, it gives them the ability to differentiate its product offerings by brand and price.

Next week may be a little more challenging. We're really looking forward now to third-quarter profits and the market could be in a trading range until then.

Obviously, these stocks have had a huge run-up. The theory is to sell on the news. That's what's occurring is you're selling on the news.

Right now it looks pretty benign, with people selling a little after the retail sales numbers. Long-term I'm bullish, but I'm getting concerned in the short-term as to what is going to sustain the psychology if the economy doesn't start to show more of a pick-up.

My suspicion is the stock is not doing much now, it's not earth-shattering.

On the Dow, you have gains in the more cyclical names versus more selling in Citigroup. You also have the Dow getting a lift from some positive short-term movement in the dollar,

G4 and IDGE target a coveted demographic that values interaction at every level, ... This new joint promotional venture is a prime example of how non-competing editorial entities can create dynamic content and creative synergies to increase audience reach.

We can never go back. This 'thing' we deal with after suicide... it doesn't get better. It just changes with time. We will be affected profoundly by this for years to come. It is not something that can be forgotten.

Today is a rotational shift into high tech and away from defensive sectors, which includes aerospace and defense.

The rally that we've had for the last couple of weeks was basically concluded this week. You're seeing investors starting to discount positive news from companies and a Fed rate cut next week,

The rally is clearly influenced by the ISM number. While the market looks good today, we are also getting near the upper end of the trading range, and that's something to look out for.

The rally is clearly influenced by the ISM number,

Greenspan's comments are obviously a big turnaround from what he said last year. But the bond market is usually ahead of the Fed about interest rates, and it has priced in a rise.

It appears to me that fiber-optics and semiconductors have begun to make bottoms, ... Particularly in the semiconductor area, I think we're seeing very early stages of the fiber optic area.

I think it's going to continue to be a sideways market in August and into September. Seasonally, there's the tendency for selling, but as of now, there aren't any big events on tap that could take us a lot higher or a lot lower.

I think traders are quick to take profits right now, because what else is there that stocks can do for an encore in the short term? We're still in an uptrend, but the probability right now, from a technical standpoint, is that we're going to have a little more selling.

People are comforted by Intel, but it's unsurprising that they had a good quarter, so you're seeing a little sell on the news, ... Market events get discounted more and more these days, and I think you're especially seeing that as we get into this period of digesting the earnings news.

People have been talking for some time about large-cap stocks, and that's where the money is going today. They want to be in more secure companies that are going to benefit from global expansion.

My opinion is it's only natural for the Nasdaq composite to undergo some profit taking after a 30-plus percent advance in two months. Also, many groups that have been very strong -- like the semiconductor group, the drug group -- these are up against relative strength resistance. So it stands to reason that they're going to be profit taking,

The 2003 rally was on low interest rates and a weak dollar. Now, that's changed. The dollar bottomed in February, and I think people are realizing what higher rates are going to mean for the stock market.

Microsoft is the second-largest company in the world, so when its shares are seeing that kind of surge, it's going to spill over into all kinds of other companies.

The question is, how seriously do we take what's going on today, considering the volume, and what's going to happen next week when people come back? ... I would take today as a positive with the caveat that not many people are here.

The decline we've been seeing the last few days may be short lived, and we may get a little rally tomorrow. But beyond that, near-term we've seen the highs. The Nasdaq, which led the rally last year, is continuing to lag the broader market, which is a negative.

When there's a drop in crude prices, you tend to see it put into stocks with high multiples.

Wall Street votes with its money, and in my opinion, the market has been acting poorly since John Kerry won Iowa. If the unemployment picture is indeed improving, then that bodes well for George Bush's reelection campaign, and generally, Wall Street prefers that a Republican is in office.

You have gains in the more cyclical names versus selling in Citigroup and J.P. Morgan. You also have the Dow getting a lift from some positive short-term movement in the dollar,

When the dollar declines, there's less incentive for international investors to hold U.S. companies' assets because they decline in value. It also impacts perception. People want to see a stronger dollar to show America can stand on its own, particularly when there is all this uncertainty about North Korea, Iraq and Bush's new economic team.

The opinion also on Wall Street is that more rate hikes are likely to follow this. And if that occurs, there's still uncertainty in the overall market and consequently it will be tough to get a big rally off the low, ... The market has certainly become tired. The psychology is that of a bear market. We get strong openings only to close either at the low of the day or near the low of the day. Witness what we saw on Friday. So on balance, yes, that psychology has changed.

You have a lot of things going on. The Dow Transportation average is putting a real damper on things, and Maytag's warning is hurting retailers, ... Talk of a delay for any potential conflict, let alone 45 days, is not helping stocks as it just increases the uncertainty.

What's happening today is very telling of where the market is right now. Typically, when there is negative news people tend to make 'flight-to-safety' moves into bonds and gold, but that isn't happening. That tells me that asset classes in the near term are very tired, and that we could see more of a pull back from here over the next few months.

War news is having a fingernail-biting impact generally. Right now, there's a sense of people not wanting to do much until the troops get to Baghdad, which could happen in the next day or two. But there's also the hope of some sort of diplomatic resolution before this situation becomes a runaway train. I don't think either side wants to see this prolonged.

There's some worry that the economic growth won't be as strong as had been hoped and that's taking stocks lower, ... It's the combination of GDP not growing as fast as had been hoped, and the Dow Transports, which is a leading economic indicator, falling as well.

There's incredible volatility at the end of a quarter and a lot of window dressing going on.

There's no economic news due Friday, no earnings, and not many people are going to be around. We could gain a little Friday if the seasonal tendencies kick in, but it won't be a significant move. I don't think this week is indicative of what's going on in the market generally.

I see people getting more encouraged, ... We need more companies to announce things are going to get better in the third and fourth quarters -- but things are getting better.

The rising influence of celebrities and the focus on entertaining among the Generation X set is a positive trend for the industry. There's plenty of opportunity ahead for manufacturers and retailers who recognize and leverage today's trends in entertaining.

The stock market is a discounting mechanism. Many people recently have seen their mortgages raised -- and many people have adjustable rate mortgages -- unfortunately they have been raised. Oil prices are at near highs. It impacts people's discretionary income. And I think we're seeing it in those stocks that would have a relationship to that discretionary income.

The stock looks very attractive, and they have a potential cancer drug and a potential Alzheimer's drug,

The Sox, which had been positive on a relative basis during the last three sessions, is now accelerating, and the composite is leading, which is important.

Right now, the market is in a bit of a fog, as it's being pushed and pulled in different directions.

Of the earnings this week, I'll be looking at GE. They're so broad-based in their business that what they have to say is going to be important.

As it stands, you have a continuation of some people wanting to take profits after the run this year. If the market is up this week, it's going to be muted.

That's why you get this blas? effect, ... The breadth is flat so it's really one of those days where it's not really exciting.

This is impressive, but the caveat is that this is the day after a holiday and not many people are in. You also have certain key sectors, like chips and the insurers, not participating. I think you need to see a few more days of this to determine whether today is a head fake or not.

This is a pause, a period of minor consolidation after a rally. I'd be more concerned if the breadth declined, but it's still pretty good.

A lot of people made a lot of money in the last two days, but nothing much has changed. We're still facing layoffs and the threat of action in Afghanistan, ... This is still a market that is focused on good corporate events going forward, and right now, we're not really seeing any.

There's big fear. People are selling because they don't know what's going to happen. The news out of the BBC this morning that Iraq is getting ready for chemical warfare is a big part of it.

There's disappointment about the economic reports right now, but my sense is that this is going to be short-lived. The overall economic trend is higher, with the exception of the labor market, so it seems to me that declines are going to be used as an opportunity to buy.

It seems to me that the market is stabilizing, but the undertone is a negative one. After yesterday's advance, you'd think there would be some follow through. It seems to me the market is tired and due for a rest.

I took one too many LSD trips. And that puts me in the Care and Attention category.

It's a bit of a disappointment how we're trading today. It suggests to me that the market needs to do more backing and filling. We're not getting that type of follow-through you like to see. There just doesn't seem to be much conviction right now.

It's testing the October 1998 low. So at this particular time it looks quite bullish to me in the long-term perspective,

It's pretty mixed today (Friday) with light volume. The warning from Honeywell is very discouraging, as is the sentiment number, but then the retail sales number was fine, so that may be giving us a little buoyancy. We're also still worrying about Iraq.

Stocks have priced in a lot of good news right now and you're seeing that in effect. Good news is bad news and bad news is bad news.

It was a pleasant surprise, what happened with the jobs report. People were relieved -- the change in non-farm payrolls was the standout.

The sentiment is changing. Airlines are bottoming, the 10-year note yield has bottomed, making it more attractive to be in stocks, and people are feeling more comfortable,

The new entrants into the major-appliance business are making this probably the most exciting time in major appliances in the 13 years that I've been watching it,

Any time you can expand your brand portfolio, it creates a lot of opportunity at different channels of distribution, at different price points to attract consumers.

I'm on some medication - I don't know what it is - but it makes it hard to concentrate. I rarely feel like playing.

If new job creation is above 200,000 tomorrow, that would be viewed as very positive, but on the other hand, if the number is too high, that could create fears of an interest rate hike of 50 basis points, rather than the 25 the market is currently expecting.

If Kerry were to win his policies would be more restrictive on business.

Interactive games software, Midway Games, which made a new high yesterday,

Interest rate fears are fully discounted now, which is why bonds are up today. That's why stocks are bouncing, why the utilities are rallying, regional bank groups are rallying. But I don't think the market is going to have much more lift here.

Interest rate fears are fully discounted now, which is why bonds are up today, ... That's why stocks are bouncing, why the utilities are rallying, regional bank groups are rallying. But I don't think the market is going to have much more lift here.

How people feel determines where stocks go. It's a simplistic thing, but it's true. The volume is good, and you've got a nice bounce today, but the main thing is that stocks are reacting positively now, even when there is negative news.

The market has acted well and longer-term, the trend remains positive. But right now there's some exhaustion,

The key is what happens tomorrow. How will people interpret what the Fed says? How will the dollar do? The dollar has been hanging in by default, but if it really starts to roll over, that would hurt stock prices.

You've got a lot of factors lifting stocks today, ... You've got all the tech upgrades, money flowing out of gold, oil and the bond market, and the ISM this morning was all-in-all pretty good.

The economic numbers were on balance disappointing. You also have the dollar a lot weaker today because of the continued uncertainty with the international situation.

The dollar's strength and the bond market's weakness right now is changing the way people are seeing things, ... It's telling us that interest rates are likely to rise and that commodity prices are likely to come down.

The dollar news has already been in people's minds for some time, so it's not carrying much sway.

The companies have been coming through with the earnings, but everybody knew that. People have become accustomed to the earnings being good. There's no surprise element. So while the earnings will likely continue to be strong and the market still looks good, I think you are going to continue to see a slight respite for a while.

The confidence number is tomorrow's most significant report, but it's not extremely important. People are still refinancing and have money in their pockets, even with the job market struggling.

The market wants a summer rally, but until oil prices come down, and there is some progress with all the geopolitical issues, that's going to be tough.

The market is strong, but we're a bit overbought and some complacency has set in,

The market is still under a cloud right now. There's no real catalyst to take it higher.

The market is negative short-term. We are locked in a trading range until the next Fed meeting.

The market is defensive. It indicates to us that we'll see a slowing of profit growth going forward.