Jack couldn't find a wall he didn't want to run into. He'd write insulting cover letters to editors. When I'd say, 'Jack, you're shooting yourself in the foot,' he'd launch into a tirade about the worthlessness of a life lived untruly to oneself.
I think people coming into town would go to the south and so folks up north would not get as much business.
The stronger consumer confidence numbers are probably the biggest potential reason for the Fed to continue raising interest rates.
The Nasdaq is up on the day, primarily due to Apple. This market is climbing a wall of worries. People are too committed to equities in the longer term.
As long as oil is trading near $70 a barrel, interest rates on the 10-year (note) are around 5 percent and gold hovers at $600 an ounce, it will be difficult for equities to make headway.
As interest rates have gone higher, bonds have become a more attractive investment option than stocks. Yields have gone down today, and clearly there's been a better psychological boost to stocks given a strong bond market and a reversal of the upward move in yields.
It's tough to make too big a judgment call on anything because of options expiration-related volatility.
The metals, housing stocks and oils are creating a significant psychological overhang.
In general, institutional investors aren't sold on the (stock) market going higher, even with the pullback in oil.
If you look at almost anything else semiconductor away from Intel, they're doing better today. People are viewing the semiconductor space as being strong in general and Intel is not the bellwether it was in the past.
The disappointment from Yahoo and Intel took a lot of technology names down and institutional people have used the overall market weakness caused by Yahoo and Intel to do some buying into other technology names.
The market is overbought short-term. We've had a huge move since the first of the year ... people are looking for an excuse to sell. That came in the form of Secretary Rice raising significant concerns about Iran's nuclear program.
The market is overbought short term. People are looking for an excuse to sell. That came in the form of Secretary Rice raising significant concerns about Iran's nuclear program.
