It just keeps pumping out the earnings, an excellently managed company,
That's the question of the day: is it sustainable,
It's amazing the market is holding up as well as it is, considering that oil prices are at a record.
The markets are concerned that robust growth in the U.S. will eventually lead to inflation and actions by the Fed.
The market is optimistic, and that's helping to sustain it right now. But we don't really know the full financial outcome of these two hurricanes, and we may not for a while. That uncertainty is weighing on sentiment.
the market is, and has been, for the last five years driven by about the same 100 companies, but if you could see money moving down to the broader market, we've got some real values, a lot of good companies selling really cheap.
People are looking at the negative pre-announcements from GM and IBM, the retail sales reports, the hiring trends, and they're waking up to the fact that the consumer is slowing down, and that's going to impact the economy and corporations.
I think the market is at a balance point here and that we are likely to drift over the short run.
I think odds are we'll move higher in the week ahead. There's a lot of liquidity, it's what's buoying the markets, it's what's distorting the market, and it tends to move prices up.
We are just about to move into the pre-announcement season when companies start to tell you how wrong you were about earnings estimates,
