B.S. is money
let's hear some good B.S. from the web
i'll start with a favorite: Briefing. com 05/10/04
0:44AM Floor Talk : In speaking with institutional desks, this morning's broad sell-off can be attributed to a number of factors, which include: 1) concerns over an imminent Fed rate hike, as well as concerns that the Fed may be behind the curve if it waits much longer, 2) dollar rally has Taiwan in a tailspin, 3) China is likely to raise rates this week just as the ECB raised them last week, and 4) continuing geopolitical concerns (new pictures of U.S. servicemen abusing detainees are likely to spur more resistance abroad, assassination of the Chechen president). Traders note that with earnings season over this week, there are no specific catalysts for anyone to own stocks. Institutional desks generally think that any rally would probably be attributed to short-covering and not a renewed interest by investors to start buying on the dips.
let's hear some good B.S. from the web
i'll start with a favorite: Briefing. com 05/10/04
0:44AM Floor Talk : In speaking with institutional desks, this morning's broad sell-off can be attributed to a number of factors, which include: 1) concerns over an imminent Fed rate hike, as well as concerns that the Fed may be behind the curve if it waits much longer, 2) dollar rally has Taiwan in a tailspin, 3) China is likely to raise rates this week just as the ECB raised them last week, and 4) continuing geopolitical concerns (new pictures of U.S. servicemen abusing detainees are likely to spur more resistance abroad, assassination of the Chechen president). Traders note that with earnings season over this week, there are no specific catalysts for anyone to own stocks. Institutional desks generally think that any rally would probably be attributed to short-covering and not a renewed interest by investors to start buying on the dips.
