Tim Heekin People Quotations

It's the Wednesday before Thanksgiving, there's no one here, desks are half-staffed. There are going to be even less people around Friday.

Earnings have been fine, but they just haven't been as robust as people were hoping. The guidance for the third and fourth quarters hasn't been that strong, and part of the rally was based on people betting that the second half of the year would be good, so with the numbers not saying that, you're seeing some selling.

In the first four months of the year, people made a lot of moves, but since then, I think people have been sitting on their hands a bit. I think that will continue in the next week, but a few weeks from now, it gets more interesting.

It's the last week of August, people are on vacation and a lot of the big institutions in New York are half-staffed.

It's a quiet day before Easter, and we're waiting for the bunny. You have people not wanting to make moves before a three day weekend, and you have some fears about terrorism -- with Rice speaking, and because this is a religious holiday.

The lead up to the Fed meeting was that we are going to be done soon, they are going to put the brakes on, and that fueled the momentum. But now people are realizing that they aren't done yet, and that's shifted the psychology.

After that period, you could see a rally in July, with people really setting themselves up then for the second half of the year.

This movement in the bond market is amazing, truly unprecedented. People are starting to sell fixed-income and put that money into stocks. Equity is starting to look like this undervalued dark horse worth betting on.

The tech sector as a whole has performed so badly this year; the Nasdaq has been the worst performer year-to-date. I think a lot of money flew into the 10-year bond during the conventions, during the Olympics, and now people are looking to put their money into the beaten-down sectors, like tech.

The election will take center stage next week, but hopefully that will actually end on Tuesday. Then later in the week, people can focus on the jobs report and the earnings.

This is the fourth day in a row where there's been disappointing economic news, and the market is reacting to that. People are also doing a little consolidating before the weekend.

I think people are trying to drive the market higher. They're coming in on what have been some of the better groups, that being retail and technology still.

I think people walked in confused today as to whether we are going to continue this uptrend through year-end or back off.

Financials are picking up across the board, that bodes well for the market, ... Being such a big percentage of the indices, if people are getting behind financials late in the third and fourth quarter, that will carry the market positive in 2005.

A lot of people are taking the week off and there's not much news, so that creates this volatility.

A lot of people are surprised that the markets are behaving as well as they are. But there's a sense that even the negative numbers don't matter as much as they might have, that markets are preceding the turn of the economy.

People are looking for more clarity in terms of Iraq, interest rates, oil prices and the dollar.

There are good trends everywhere. Some people are looking for a 5 percent to 10 percent correction, partly because they think it's healthy and partly because they want a pullback so they can jump back in. But the path of least resistance remains up.

People will be looking for hints about the direction of the earnings throughout the week, ... both in terms of individual stocks and sectors.

All of the numbers this week are potentially market moving. I think people will be watching the numbers for hints about inflation.