14 Quotes by Hedi Reynolds
- Author Hedi Reynolds
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We'd gotten a little oversold in the last few days and so we're coming back a little now, with people making some cautious bets on a few individual issues.
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We've seen a very orderly market, which we think is the best news of the last two days.
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There is no clarification. Now it's a month before the next one and we're going to wait and get guidance from the new guy and I think that's the drag on the market.
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Markets are nervous right now. A few months ago, anthrax was our big 'A' word, and now it's accounting.
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We continue to see bias to the buying side, but it's less drastic than yesterday. We're in a wait-and-see mode with earnings, and we're seeing a little profit taking today. ... The jury is still out on how the rest of the earnings will be.
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- Author Hedi Reynolds
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We're definitely seeing profit-taking. The momentum has kind of slowed down, and people are just sitting back, watching.
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We're definitely seeing a little profit taking, but I think it's healthy to see a little consolidation after this rally. We've got a lot of economic news coming out this week, and there's always the potential for a negative surprise, so the market could see more weakness.
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There has been no panic selling and very orderly trading.
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To see a recovery at all, you're going to need to see a pick-up in techs. Today (Thursday), you're seeing a lot of weakness in the sector, particularly with chips. Also the restaurant sector is down.
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