“You would think the overall market should be stronger, but the reason it isnt is because the heavier weight groups (financial services) are weighing down the market.”
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“We knew the ending of the movie before it even started.”
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“The big fear, and the cloud that is overhanging the market is inflation. Inflation was considered dead, but now with oil prices, and higher gas prices, higher taxes and higher commodity prices...all of this with higher activity, eventually its got to show up.”
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“Its the same old (story). Growth and inflation. Thats whats bothering the market.”
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“It was a bit skewed because a lot of the participants south of the border were away, but it was a pretty broad-based rally.”
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“It sure was a light trading day. London was closed and its the last week of August, which tends to historically be a light trading period.”
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“Unbelievably strong market. There was definitely a catch-up.”
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“Old economy: 1; new economy: 0. Yea for the dinosaurs.”
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“Its not surprising -- they had a rapid move up and now theres a correction. This is the first major correction for this group and its healthy.”
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“What everybody was hoping would be a temporary situation may well be a protracted legal affair. That has provided the opportunity to this market, which was already nervous, to look at the worst case scenario: weeks of uncertainty.”
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