Tom Hougaard Quotations

The slide in the Nikkei just goes to show how deeply overbought these markets are. Players have been caught up in the euphoria. Now it's time to face reality.

It is a 100 percent certainty according to the U.S. interest rate bonds that Mr. Greenspan will cut rates by 25 basis points.

The markets are not that strong, it's the banks that are keeping things afloat on the day.

The market is on fire and with sentiment so bullish there is every reason to expect more upside, ... There are clearly many traders who are betting on an autumn rally to take the Dow to 10,000, and they positioned themselves in the market yesterday.

The market is looking at a really strong open as Rita didn't blow as hard.

The market is clearly in a limbo with the bulls and the bears all squared up. The Dow is bullish above 9,600 and a move above this level could lead to a rally to 9,750. The bearish case is a move below 9,525, which would lead the indices into the long-awaited correction. Anything in between is a purely traders playing the trading range.

They may even ease rates because of Katrina.

As it often happens on market holidays in the U.S., the European market goes very quiet and trades in a range all day.

The profit warning from Sun Micro is casting somewhat of a shadow over the European markets.

The U.S. (market) is still stuck in a rut. We are calling the Dow up on the day, but so far every rally in the pre-market this week has been met with selling once the regular trading session got under way,