21 Quotes by Tom Hougaard

The slide in the Nikkei just goes to show how deeply overbought these markets are. Players have been caught up in the euphoria. Now it's time to face reality.

Oil companies will take it on the chin today.

They may even ease rates because of Katrina.

...this kind of sell-off is bound to affect the market for some time and we may very well see the market trade lower over the coming weeks or at least trade sideways without making new highs.

Stocks in general have been trading near their highs but volume has been a real obstacle to move prices higher. It may still be early but it looks to me as if we will see an attempt to take Dow above 9,450.

The U.S. (market) is still stuck in a rut. We are calling the Dow up on the day, but so far every rally in the pre-market this week has been met with selling once the regular trading session got under way,

The equity market is still undecided about the overall trend of stocks. All in all the earnings so far have not been well received by investors and it looks as if stocks have to come down in price to attract investors.

The Dow needs to gain pace above 10,500 to stand a chance of attracting fresh speculative money. Our clients have made a significant shift and are far more interested in trading UK and European stocks rather than chasing non-performing stocks.

The markets are not that strong, it's the banks that are keeping things afloat on the day.