15 Quotes by Michael Panzner

Crude oil was a little weaker, so that provides a stimulus to stock prices. And there's good cheer on the corporate news and recommendations front. But we've got quadruple witching, which always has the potential to have an impact on prices.

The old 'buy the rumor, sell the fact' trade is in play now, and that will apply to the expected results set to come out,

You normally don't find new leadership until you get washouts and corrections.

There wasn't a lot of room for disappointment. It's going to have people reconsidering their perspectives on the outlook for the market going forward.

It's not really clear there's any strong fundamental reason for the rally. The only conclusion is that there was a comment by the Exxon head that oil prices may be near a peak.

He said at some point Asians will bring funds home, which wasn't very helpful ... One response may be the Fed having to raise interest rates to keep the dollar from collapsing as a result.