Quotations
Famous Quotations
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Matt Ruane Quotes
«The near term out of these companies is shaky. It's the forecast for higher growth in the second half that is really bringing markets higher today. People are seeing a little light at the end of the tunnel.»
Author: Matt Ruane
«It's a short-covering rally, short term, typical of a bear market.»
Author: Matt Ruane
«We're in a bear market. You're going to see these little rallies on short-covering, but there's nothing (else) on the horizon to push us past that right now.»
Author: Matt Ruane
«The market has done a good job, considering all it's had to take in over the last few days. There's skepticism across the board right now, but no fear, no panic. I like the action today [Wednesday].»
Author: Matt Ruane
«The durable goods made it look like the market was ready for a jump, but confidence knocked it back down. We're also in the worst of the summer doldrums. Then, Intel is also putting a damper on things. Markets tried to rally earlier, but couldn't because of Intel. The stock could probably hit its 52-week low soon.»
Author: Matt Ruane
«Long-term these investigations [into accounting] will be positive, as we'll have cleaner accounting and more visibility, but short-term we're going to see a lot of bumps.»
Author: Matt Ruane
«We've been trading sideways for months, and until we get some sort of resolution with Iraq, we're going to keep trading in fits and starts.»
Author: Matt Ruane
«It's a surprise reversal today after the labor number this morning. The resignation of O'Neill was certainly a positive for the market. That was clearly the catalyst. The market was also getting a little oversold. And you have some good participation from tech.»
Author: Matt Ruane
«The utilities are really breaking down today [Tuesday]. They were seen as a safe haven play and now you have people worrying about dividends being cut across the board.»
Author: Matt Ruane
«You're seeing some profit taking across the board after yesterday's [Monday's] bounce. You've got a little shift back into bonds, but basically trading is calm. It's kind of the standard summer doldrums. On the upside, you're seeing some money go into some high-risk areas ... which tells you something about how the psychology is changing from a month ago.»
Author: Matt Ruane