Quotations
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Matt Ruane Quotes
«There's a lot of nervousness on the political front and that's keeping the buyers out of the market. We've got 50 significant companies reporting results this week - but at this point, bad news is almost good news, because it's so built in to people's expectations.»
Author: Matt Ruane
«The economic news helps, but I don't know if this is more than a short-covering rally. If there was something more substantial that could sustain us for two or three days, I would be a believer, but I just don't see anything out there.»
Author: Matt Ruane
«I would have liked to see the market sell off even more in order to form the basis for a better rally, but I think we could possibly get a bounce from these levels in the next day or two.»
Author: Matt Ruane
«We're seeing a little bounce from oversold conditions, with stocks not being down quite as much as they were this morning, but it's still nasty out there. We're in a bear market, where we have these false rallies on a little short-covering, but there's nothing on the horizon to push it past that. It's also the end of the quarter, so you've got a lot of people sitting on the sidelines.»
Author: Matt Ruane
«Bush's comments provided some short-term comfort. But shortly after, we sold back down again.»
Author: Matt Ruane
«It's all Texas Instruments today. After IBM and Intel last week, we're seeing tech take two steps forward, one step back.»
Author: Matt Ruane
«But this is a normal pullback after the run up we've seen in October. I wouldn't read too much into it.»
Author: Matt Ruane
«We're really in a trading range, drifting sideways for the time being as the market waits for its next catalyst.»
Author: Matt Ruane
«There's also still some money being put to work out there for solid companies with good fundamentals. It's just really selective.»
Author: Matt Ruane
«The key here is still commodities. Oil has been above $30 a barrel for what, the last 90 days?. Commodity prices need to come down. Wholesale numbers yesterday were high because of energy, because of oil. It's a concern. It's a drag on the economy and the dollar.»
Author: Matt Ruane