We're seeing better earnings, and that's making people more enthusiastic. But programs have been skewed to the buy side. To be honest, this is probably not sustainable.
If they are having a hard time getting paid by their customers, what does that say about the rest of the industry?
Historically, you can't have an up market without banks leading the way. Today it's an earnings rally again led by the banks.
It's two outs, bottom of the ninth -- he's gotta come through. He has to come up with something definite and substantial. Anything less than that will be taken as a negative by the market.
There are a lot of mixed signals right now. Some of the negative tone has to do with the fact that we're starting to see more human casualties. There's a weight on the market that this is getting really messy. People aren't used to this kind of war.
The president only has so much influence over the economy and legislation.
If it's down a lot (people are investing in it). Everyone says this can't be sustained, but that's what fuels the markets.
We've had some pretty good gains in a lot of sectors lately that need to be adjusted. The encouraging thing is we're not seeing a lot of volume, so there aren't a lot of sellers out there.
The market's digesting the recent gains. Investors want to see what the market's going to do. Absent of big news, I don't think the market does anything but go sideways here.
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