83 Quotes by Tim Heekin

You had this huge down move on Tuesday, you gained half of it back yesterday, and more of it today,

What started this two weeks ago was the big pension funds and other institutions coming in, seeing that bonds were getting over-valued and shifting money out of fixed income and into equities.

Bonds finally showed a little reversal. We put in a high on the long-terms and then dipped off of that. I think the big bond funds came in and started taking profits after the recent run. The real test will be if we can hold these levels.

Earnings have been fine, but they just haven't been as robust as people were hoping. The guidance for the third and fourth quarters hasn't been that strong, and part of the rally was based on people betting that the second half of the year would be good, so with the numbers not saying that, you're seeing some selling.

FedEx is a big drag today, Merck is down, steel is down, airlines are down, it's all weighing on the transports,

There's a good tone to the market. We're moving towards some key technical levels, particularly with the S&P 500. I think that if we can hold and then break through them, we could go higher.

There's going to be no true market direction until the earnings picture and military actions become clearer.

There's no economic news out Friday or Monday, and the economic news the rest of next week is not hugely influential,

There's nothing fundamental driving these gains. The Nasdaq had sold off over 10 percent, the Dow and the S&P had started to correct as well, so you're seeing a bounce off of that.