Hewlett-Packard is basically the whole story. It is a one-sided market with a few stocks providing the push,
I think we're very close to the end of this particular correction. The bull market's not over by any means. We need several increases in interest rates before stocks top out.
Earnings are going to be OK, but they're carrying stocks to excess both on the upside and the downside, ... Everybody's a little nervous here about interest rates and the economy. No one is willing to place a really solid bet.
Any rally we're going to see is not going to be a very powerful rally. It's going to be a handful of what investors perceive as safe trading stocks or big name capitalization.
You've got a bubble in bonds. There is a panic to buy debt just like there was a panic to buy stocks in 1999.
The firming is once again the case of one or two stocks as is the case on the downside. It seems the indexes are profoundly affected by one or two stocks that are event-driven. Today it is Microsoft.
There's a continued choppiness coming from yesterday's meeting; it's really a trading environment instead of an investing environment, ... Action has been dominated by stories in individual stocks but, to me, it's just continuing the trend of more money chasing few names.