“The catalyst [for the afternoon weakness] was the reversal in crude prices,”
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“Youve got a push-pull between tragedy and the good that can come out of it for the markets. Youve got to rebuild, and youre going to put money and resources into that and create jobs.”
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“Its more of the same: uncertainty and energy, ... Throw in inflation and the possibility of slower growth because of the hurricane, and were all out of sorts. Theres no good news out there.”
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“We built on a relief rally, ... From an economic standpoint, things picked up after the price rise in oil dropped. It showed the resilience of the economy.”
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“Next week, youll start to hear about technical levels of the indices,”
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“I think its going to be tough to draw conclusions because of the lack of participation. Next week, youll start to hear about technical levels of the indices. People will be wondering, Can we break through and really continue this year-end rally?”
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“If this storm wasnt out there, the market would probably be behaving much better.”
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“Theres not much players around. Buyers are mostly absent while theres a lot of tax-related selling going on.”
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“There was a sense that a year-end rally would take us higher, but theres some concern from the bond market flattening. The inverting of the yield curve would bring us more problems in 2006. We also have light volume, exaggerating moves to both sides.”
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“Cooler heads are prevailing today, but theres just no buyers.”
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