Maxioms by Douglas Altabef
Profit news continues to be good, and we are seeing some relief from the profit taking of the last few read more
Profit news continues to be good, and we are seeing some relief from the profit taking of the last few weeks. But there is an ongoing tug-of-war between 'we've come too far too fast,' and 'the economic recovery is strong' and you're seeing that played out on a day-to-day basis.
The forecasts for the second-half of the year for the most part seem to support a recovery, but to some read more
The forecasts for the second-half of the year for the most part seem to support a recovery, but to some extent, that's already priced into the market, so you're not seeing that much stock reaction. There's not a lot of conviction and some people will take profits. But I think there will continue to be a moderately upwards bias for the remainder of the year.
Clearly you're seeing conflicting signs about the economy and the market reacting to that.
Clearly you're seeing conflicting signs about the economy and the market reacting to that.
On any given day, the market is taking its cue from forecasts and results. Juniper was negative, so that's spilling read more
On any given day, the market is taking its cue from forecasts and results. Juniper was negative, so that's spilling through the Nasdaq. I think, overall, though, the trend through the rest of the year and into early next year will be more positive.
What companies report now is less influential than what they say about future quarters.
What companies report now is less influential than what they say about future quarters.
