“We're going to see more of the same for the next few weeks, unless something comes in that indicates a pick-up in activity in the economy or on the corporate level,”
“But after all the corporate governance issues, there's a tendency now of erring on the side of ultra-conservatism in terms of what companies say about future quarters and that's going to continue.”
“Today the market caught the double-dip disease. Recent economic data, like yesterday's [Tuesday's] consumer confidence number, seems to corroborate opinion about deceleration in growth.”
“The retail sales number today reinforces the notion that the consumer hasn't fallen apart. Today's market is encouraging from the perspective that there is less of an Enron hangover.”
