13 Quotes by Paul Cherney

Shorter-term momentum traders are taking their profits right now, and longer-term investors are sitting on cash waiting for a better buying opportunity. The problem is, to get a better buying opportunity, prices have to drop lower.

Right now, I believe they will raise the rate by 25 basis points. They have been very clear telegraphing what they plan to do. They're going to have to address Katrina's impact in some fashion, but they'll probably use plain vanilla, uninspiring wording.

Right now, I believe they will raise the rate by 25 basis points, ... They have been very clear telegraphing what they plan to do. They're going to have to address Katrina's impact in some fashion, but they'll probably use plain vanilla, uninspiring wording.

One of the contributing factors for the gains is the fact that gasoline futures came off the highs of the day. Any sign that the wallet won't be hit so deeply by energy prices is a cause to push stocks higher.

I have never been able to come up with any clear indicators. There is no mechanical means to identify them.

We saw an adjustment in the 'P' of the 'P-E' ratio.

There is probably a little bit of reluctance to make big commitments going into the employment report.

This has been a typical year for a second year of a bull market. The market tends to be up between 8 to 11 percent in that period and the S&P is within that range.

A lot of the mutual fund managers, especially those that are in the blue chips, are just biding their time, trying to pick a point to stuff the ledger with some of the better-name blue chips.