82 Quotes by Peter Greene
- Author Peter Greene
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As it stands, you have a continuation of some people wanting to take profits after the run this year. If the market is up this week, it's going to be muted.
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- Author Peter Greene
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That's why you get this blas? effect, ... The breadth is flat so it's really one of those days where it's not really exciting.
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This is impressive, but the caveat is that this is the day after a holiday and not many people are in. You also have certain key sectors, like chips and the insurers, not participating. I think you need to see a few more days of this to determine whether today is a head fake or not.
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- Author Peter Greene
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This is a pause, a period of minor consolidation after a rally. I'd be more concerned if the breadth declined, but it's still pretty good.
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A lot of people made a lot of money in the last two days, but nothing much has changed. We're still facing layoffs and the threat of action in Afghanistan, ... This is still a market that is focused on good corporate events going forward, and right now, we're not really seeing any.
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There's big fear. People are selling because they don't know what's going to happen. The news out of the BBC this morning that Iraq is getting ready for chemical warfare is a big part of it.
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There's disappointment about the economic reports right now, but my sense is that this is going to be short-lived. The overall economic trend is higher, with the exception of the labor market, so it seems to me that declines are going to be used as an opportunity to buy.
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It seems to me that the market is stabilizing, but the undertone is a negative one. After yesterday's advance, you'd think there would be some follow through. It seems to me the market is tired and due for a rest.
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- Author Peter Greene
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I took one too many LSD trips. And that puts me in the Care and Attention category.
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