The opinion also on Wall Street is that more rate hikes are likely to follow this. And if that occurs, there's still uncertainty in the overall market and consequently it will be tough to get a big rally off the low, ... The market has certainly become tired. The psychology is that of a bear market. We get strong openings only to close either at the low of the day or near the low of the day. Witness what we saw on Friday. So on balance, yes, that psychology has changed. - Peter Green Quotes
The opinion also on Wall Street is that more rate hikes are likely to follow this. And if that occurs, there's still uncertainty in the overall market and consequently it will be tough to get a big rally off the low, ... The market has certainly become tired. The psychology is that of a bear market. We get strong openings only to close either at the low of the day or near the low of the day. Witness what we saw on Friday. So on balance, yes, that psychology has changed. Peter Green
 

More - Peter Green Quotes

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. - Peter Green Quotes

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.

Peter Green

 
I think it's going to continue to be a sideways market in August and into September. Seasonally, there's the tendency for selling, but as of now, there aren't any big events on tap that could take us a lot higher or a lot lower. - Peter Green Quotes

I think it's going to continue to be a sideways market in August and into September. Seasonally, there's the tendency for selling, but as of now, there aren't any big events on tap that could take us a lot higher or a lot lower.

Peter Green

 
The rally that we've had for the last couple of weeks was basically concluded this week. You're seeing investors starting to discount positive news from companies and a Fed rate cut next week, - Peter Green Quotes

The rally that we've had for the last couple of weeks was basically concluded this week. You're seeing investors starting to discount positive news from companies and a Fed rate cut next week,

Peter Green

 
It shows corporations are ready to raise prices. I see a short-term upside for the market that will last, maybe, into tomorrow. - Peter Green Quotes

It shows corporations are ready to raise prices. I see a short-term upside for the market that will last, maybe, into tomorrow.

Peter Green

 Corporations
When the dollar declines, there's less incentive for international investors to hold U.S. companies' assets because they decline in value. It also impacts perception. People want to see a stronger dollar to show America can stand on its own, particularly when there is all this uncertainty about North Korea, Iraq and Bush's new economic team. - Peter Green Quotes

When the dollar declines, there's less incentive for international investors to hold U.S. companies' assets because they decline in value. It also impacts perception. People want to see a stronger dollar to show America can stand on its own, particularly when there is all this uncertainty about North Korea, Iraq and Bush's new economic team.

Peter Green

 Assets
It appears to me that fiber-optics and semiconductors have begun to make bottoms, ... Particularly in the semiconductor area, I think we're seeing very early stages of the fiber optic area. - Peter Green Quotes

It appears to me that fiber-optics and semiconductors have begun to make bottoms, ... Particularly in the semiconductor area, I think we're seeing very early stages of the fiber optic area.

Peter Green

 
Next week may be a little more challenging. We're really looking forward now to third-quarter profits and the market could be in a trading range until then. - Peter Green Quotes

Next week may be a little more challenging. We're really looking forward now to third-quarter profits and the market could be in a trading range until then.

Peter Green

 
Sales were light and that's giving people a reason to take some money off the table after the great run we've had. SAP is hitting other tech sectors besides software because it's a high-tech bellwether that's being hit by something real. - Peter Green Quotes

Sales were light and that's giving people a reason to take some money off the table after the great run we've had. SAP is hitting other tech sectors besides software because it's a high-tech bellwether that's being hit by something real.

Peter Green

 Giving
There's incredible volatility at the end of a quarter and a lot of window dressing going on. - Peter Green Quotes

There's incredible volatility at the end of a quarter and a lot of window dressing going on.

Peter Green

 
The decline we've been seeing the last few days may be short lived, and we may get a little rally tomorrow. But beyond that, near-term we've seen the highs. The Nasdaq, which led the rally last year, is continuing to lag the broader market, which is a negative. - Peter Green Quotes

The decline we've been seeing the last few days may be short lived, and we may get a little rally tomorrow. But beyond that, near-term we've seen the highs. The Nasdaq, which led the rally last year, is continuing to lag the broader market, which is a negative.

Peter Green

 
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