Right now, people are more inclined to own blue chips than speculative stocks, ... It's a little bit of a valuation play.
Right now, people are more inclined to own blue chips than speculative stocks. It's a little bit of a valuation play.
I think it's going to be pretty dead until everyone finds out what the Fed is going to do. It looks to me like the market is setting itself up for a little bit of profit-taking because people are concerned.
Yesterday's sell off created a little bit of a bargain today, and investors are stepping it up and taking advantage.
We're due for a little bit of a bounce back from the lower end of the trading range.
We seem to have a hiccup every late September or October, and that's set us up for a bit of a rally, ... The question is whether it fades in early November or lasts through the holidays.
There's not a lot of selling pressure in the market. Having sat here and watched and traded, you could tell something has changed. It's a bit of a reprieve. I think the market has to prove itself ... but this rally feels a little bit different. It feels a little bit better.
It's been such a nice run already, really a good run since August. I think the market is going to chop around here, maybe end the year just a little bit higher.
I'd have liked to have seen us a bit higher, but I'm pleased that the market is at least not falling apart today. I think a lot of people are waiting to hear from Greenspan.