I think traders are quick to take profits right now, because what else is there that stocks can do for an encore in the short term? ... We're still in an uptrend, but the probability right now, from a technical standpoint, is that we're going to have a little more selling.
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This quote is just one of 9 total Peter Green quotes in our collection. Peter Green is known for saying 'I think traders are quick to take profits right now, because what else is there that stocks can do for an encore in the short term? ... We're still in an uptrend, but the probability right now, from a technical standpoint, is that we're going to have a little more selling.' as well as some of the following quotes.
You've got a lot of factors lifting stocks today, ... You've got all the tech upgrades, money flowing out of gold, oil and the bond market, and the ISM this morning was all-in-all pretty good.
This is impressive, but the caveat is that this is the day after a holiday and not many people are in, ... You also have certain key sectors, like chips and the insurers, not participating. I think you need to see a few more days of this to determine whether today is a head fake or not.
The fact that people are selling stocks like eBay, Caterpillar, IBM and GE very quickly of late tells you that the upside [for the broader market] right now is limited.
I think traders are quick to take profits right now, because what else is there that stocks can do for an encore in the short term? ... We're still in an uptrend, but the probability right now, from a technical standpoint, is that we're going to have a little more selling.
This quote is just one of 9 total Peter Green quotes in our collection. Peter Green is known for saying 'I think traders are quick to take profits right now, because what else is there that stocks can do for an encore in the short term? ... We're still in an uptrend, but the probability right now, from a technical standpoint, is that we're going to have a little more selling.' as well as some of the following quotes.