16 Quotes by Scott Wren
- Author Scott Wren
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Right now, anything that points to a slowdown in the economy and is less inflationary is good news, ... The market wants data that's modestly positive.
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- Author Scott Wren
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Most companies want their stock to be appealing to a wide audience.
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The data drives home the fact that the economy is slowing and the market wants slower growth. Right now, the market is focused on what the Fed is going to do because the Fed's been a headwind for stocks.
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Energy prices really have fallen to a distant second as far as concerns for the market. The big concern is whether the Federal Reserve is going to keep raising interest rates and, if they do, whether that's going to slow the economy too much.
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Earnings have been much better than we expected, so I'm guessing the Nasdaq situation is purely a result of Dell cutting its outlook going forward.
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There's not a lot to trade off. You're going to see just some back and forth trading.
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There will be some uncertainty and this thing will rally. It will be the wall of worry rally. I feel pretty comfortable about that.
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Technically, today looks bad as far as market action goes. It reminds me a lot of late 1999 to early 2000 when people thought the good times would never end. Now they think the bad times are never going to end.
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Technically, today looks bad as far as market action goes,
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