The declines have put stocks at a critical level that they need to recover from in the near term.
The volume is light with a lot of people on the sidelines, particularly after last week where you had some heavy economic activity.
Over the next few months there is going to have to be evidence that justifies the hope that we're seeing for a rebound in the early months of 2002. If that does not emerge in the first few months of 2002, then the market's vulnerable to another setback.
They could come in at 73 or 74 cents a share and that's still substantially below what Wall Street was originally targeting. That type of shortfall is pretty significant.
While Intel's news wasn't bad, it wasn't as bullish as some had hoped.
With oil hitting new highs almost every day, there are a lot of questions about how consumers are being hit at the gas pump. The retail sales numbers will offer some clues.
The market is beginning to price in not only a significant recovery but a quick recovery. For that reason we think the market is vulnerable.
Copyright © 2024 Electric Goat Media. All Rights Reserved.