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Tim Heekin Quotes
«There's going to be no true market direction until the earnings picture and military actions become clearer.»
Author: Tim Heekin
«A lot of people are surprised that the markets are behaving as well as they are. But there's a sense that even the negative numbers don't matter as much as they might have, that markets are preceding the turn of the economy.»
Author: Tim Heekin
«It's been pretty quiet all week, volumes have come down...You have pretty significantly reduced volume here in August, ... This morning there was nothing to really move the dial on PPI or jobless claims.»
Author: Tim Heekin
«I didn't see anything fundamental to turn us around. I think it's a combination of program buying and asset reallocation, ... Bonds finally showed a little reversal. We put in a high on the long-terms and then dipped off of that. I think the big bond funds came in and started taking profits after the recent run. The real test will be if we can hold these levels.»
Author: Tim Heekin
«It's been a steady, slow grind down, the same thing we've been seeing for weeks, ... You have the financials getting hit hard on the Enron stories and concerns about debt. Citigroup is heavily weighted and it's having an impact on the rest of the sector.»
Author: Tim Heekin
«Retailers are still taking a hit off of Best Buy's loss yesterday and now today's data is providing some more selling pressure in the sector.»
Author: Tim Heekin
«There's a panicky feeling that the telecom weakness could spread across tech in general.»
Author: Tim Heekin
«Everything out of [Federal Reserve Chairman Alan] Greenspan and the White House has been good. We're at a key inflection point. The fundamental issue is: Are we going to have another Tyco or Enron? And when?»
Author: Tim Heekin
«The rally this morning couldn't hold up because there's just no conviction. There's some selling pressure there, but it's more that buyers have no religion. Tech and telecom are this huge drag on the market. People are buying very defensively in health care, chemicals, consumer products and pharmaceuticals.»
Author: Tim Heekin
«Citigroup was disappointing and financials are the worst performing group today. You pair that with weakness in technology and energy -- the two leaders for the market over the last eight weeks -- and you have sort of a ho-hum day.»
Author: Tim Heekin