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Ted Weisberg Quotes
«All things considered, it was a reasonably positive close. I think we should be thankful for small gifts...whether it (the rally) has legs, we'll have to see over the next few days.»
«This is a classic bear-market rally. I suspect it may follow through tomorrow, but I would say it's premature to get too excited about it just yet.»
«Emotions are running high. People are nervous. They're moving to the sidelines.»
«They are clearly a proxy for interest rates. The catalyst was interest rates.»
«I think the market is struggling a bit here. My guess is that we're just going to limp toward the end of the year.»
«It was not a pretty day. Sort-of like beating a dead horse.»
«I suspect a lot of people are a little nervous. It's kind of like a hot stove and a lot of people are afraid to touch it. It's a very difficult environment ? a lot of people have pushed themselves away from the table and you don't have that momentum that you need.»
«There's no conviction out there right now. The rallies don't hold.»
«We're dealing with so much market volatility that it's difficult to put two decent trading days together, even though we've had technical rallies from four or five weeks ago.»
«The clearer sign that the market is ready to go higher is that you can have bad news and individual stocks or the market tends to ignore that news. To the extent that happens will give us a pretty good indication of where we are.»