When the market is low such news (rate cut) push up the stocks a great deal. But now, when the bourse is scraping its highs, it is hard to spark up more than a short-term trend.
The market's climate was totally euphoric. It's nice and easy trading in such a market.
The market is scared with the embezzlement scandal. Volume was ridiculously small. If it continues like that tomorrow, the market may tumble.
It's all falling apart today. Everything started with the Nasdaq, and then one thing pushed down another.
But for that, prices must fall lower to become attractive for the funds.
The rates prospects are giving courage to people. They want to buy one day before the market rises and many are betting that it will rise more tomorrow.
If the government does not have a majority (in Congress), getting its tax objectives and other measures approved would not be so easy.
People are still worrying over the Argentina situation.
The telephone stocks had a good run at the start of the week, so investors are taking their profits.
The market followed New York only in very general terms today, sometimes distancing, sometimes getting closer. It was very calm.
