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Stocks on Brink Of Breakout [Gentlemen, Start Your Engines?]
NYTimes ^
| July 25th, 2010
Posted on 07/25/2010 9:30:06 AM PDT by Steelfish
Stocks on Brink Of Breakout By REUTERS July 25, 2010
NEW YORK (Reuters) - Wall Street enters this week on the cusp of a breakout in U.S. stocks, but it will need another spate of convincing earnings reports to feed the rally that sprouted at the end of last week.
The markets endured malaise with poor economic data and downbeat testimony from Federal Reserve Chairman Ben Bernanke on Wednesday, but turned decisively after a number of strong results pointed to better times ahead.
This week brings more results from bellwethers including Chevron, DuPont and Boeing. The trick will be turning the whipsaw action into accumulated gains -- and hoped-for improvements in volume -- that would signal an upturn in sentiment.
"There's a constant struggle between the bulls and the bears when in fact the answer is in the middle ground. This market is more like a turkey and not a bull or a bear," said Brian Jacobsen, chief portfolio strategist at Wells Fargo Fund Management in Menomonee Falls, Wisconsin.
Investors have been forced to readjust their expectations for the economy, with data showing the pace of the recovery has gone from a sprint to a crawl.
(Excerpt) Read more at nytimes.com ...
TOPICS: Business/Economy; News/Current Events
KEYWORDS:
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1
posted on
07/25/2010 9:30:08 AM PDT
by
Steelfish
To: Steelfish
When folks start talking about a “breakout,” that’s usually when the market collapses.
2
posted on
07/25/2010 9:32:54 AM PDT
by
Brilliant
To: Steelfish
Tell me just before it peaks next time will you please.
3
posted on
07/25/2010 9:34:20 AM PDT
by
kbennkc
(For those who have fought for it freedom has a flavor the protected will never know .F Trp 8th Cav)
To: Brilliant
Why is this guy pimping NY Times propaganda stories? There is no economy. No businesses are hiring. I talked to a guy and he said semiconductor business is good because of phones and portable devices but that is it.
4
posted on
07/25/2010 9:34:49 AM PDT
by
Frantzie
(Democrats = Party of I*lam)
To: Steelfish
Other than the guys who can manipulate billions of dollars worth of stock with a keystroke, what would people invest in?
How could this idiot of a paper print this crap as though everything from here on in is going to be
GRRRRREAT!
5
posted on
07/25/2010 9:34:54 AM PDT
by
raybbr
(Someone who invades another country is NOT an immigrant - illegal or otherwise.)
To: Steelfish
Investors have been forced to readjust their expectations for the economy, with data showing the pace of the recovery has gone from a sprint to a crawl. When the data spells trouble, don't adjust the stock price, just adjust your expectations.
6
posted on
07/25/2010 9:36:16 AM PDT
by
paul51
(11 September 2001 - Never forget)
To: Steelfish
Given that this propaganda came from the NY Times, I’d be wary of buying anything right now. Most Wall Street traders are NOT meeting the their numbers so far this year so be very careful.
7
posted on
07/25/2010 9:36:21 AM PDT
by
jimbo123
To: Steelfish
The stock market is a collection of people who earn their bread investing and trading other people's money. They make the market go up and down based on their fear of loosing their bonuses and their greed of missing a run up. The stock market is a very poor indicator of general economic conditions so whether it goes up or down, the US economy is still in the tank. People are unemployed. Houses are under water and business stinks... If the market goes up, sell into the rally. If it falls, who cares?
8
posted on
07/25/2010 9:39:11 AM PDT
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: Steelfish
” Stocks on Brink Of Breakout “
This will sure come as a great comfort to the twenty-some-percent of us who are either drawing unemployment, or are ‘lucky’ enough to be pulling down subsistence wages...
Thanks, Obama and Dems...
9
posted on
07/25/2010 9:40:10 AM PDT
by
Uncle Ike
(Rope is cheap, and there are lots of trees...)
To: kbennkc
It is not that hard if you know what to look for.
10
posted on
07/25/2010 9:40:47 AM PDT
by
Frantzie
(Democrats = Party of I*lam)
To: Uncle Ike
Blame idiots who watch TV. The 5 TV networks own 95% of cable channels and they all support him. The NFL, MBL, NBA, NCAA, ESPN and other idiot entertainment supports him 100%.
11
posted on
07/25/2010 9:42:04 AM PDT
by
Frantzie
(Democrats = Party of I*lam)
To: Steelfish
Sometimes, “buy” means “sell”.
12
posted on
07/25/2010 9:42:12 AM PDT
by
BenLurkin
(Will must be the harder, courage the bolder, spirit must be the more, as our might lessens.)
To: Brilliant
When folks start talking about a breakout, thats usually when the market collapses. The Liberals at the NY Times trying to boost optimism.
Nothing Obama has done will be good for the market. Nothing will be good for employment.
Everyone knows that the government lies about the real unemployment statistics, by not counting anyone who is unemployed for more than six months as unemployed, and by counting temporary census jobs two or three times - an Obama innovation.
I stop counting somebody as unemployed when they find a job.
The real measure that we should look at is labor force participation, which has not been tampered with too much, although they still count these worthless government and census jobs... which paper over a bit of the reality.
Labor Force Participation - the real employment/unemployment statistic is at its second lowest level in history. Both times happened under Obama.
13
posted on
07/25/2010 9:43:30 AM PDT
by
Bon mots
("Anything you say, can and will be construed as racist...")
To: Steelfish
We have to SAVE Obama!
14
posted on
07/25/2010 9:43:42 AM PDT
by
E. Pluribus Unum
("The only stable state is the one in which all men are equal before the law." -- Aristotle)
To: Steelfish
I'm just hoping for a momentary collapse in GLD and SLV so I can use the profits I made shorting solar and wind companies to make a killing on gold and silver after Mr. Soros' Puppet King kills the dollar.
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
15
posted on
07/25/2010 9:44:39 AM PDT
by
The Comedian
(Evil can only succeed if good men don't point at it and laugh.)
To: Frantzie
It is not that hard if you know what to look for.
16
posted on
07/25/2010 9:44:55 AM PDT
by
Errant
To: Steelfish
ROTFLMAO!
The Stock Market will be under 5000 by Halloween.
17
posted on
07/25/2010 9:45:43 AM PDT
by
DCPatriot
("It aint what you don't know that kills you. It's what you know that aint so" Theodore Sturgeon))
To: Steelfish
The boom before the bust. Customer confidence in the economy does not justify this expectation. Unless it’s just investors goosing up each other waiting for the suckers to take the bait.
18
posted on
07/25/2010 9:46:18 AM PDT
by
ex-snook
("Above all things, truth beareth away the victory")
To: Steelfish
19
posted on
07/25/2010 9:46:48 AM PDT
by
OpusatFR
To: Uncle Ike
RATs,
they think that lying it up will fool people in voting for them.
20
posted on
07/25/2010 9:46:49 AM PDT
by
Leo Carpathian
(fffffFRrrreeeeepppeeee-ssed!)
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