Hugh Johnson, chairman of Johnson Illington Advisors: "There doesn't seem to be a specific trend developing within this enormous volatility. There is a very strong argument to be made on both sides." http://money.cnn.com/2010/07/19/markets/markets_newyork/index.htm
Elliot Spar, market strategist at Stifel, Nicolaus & Co: "After Friday's crush, today's action is respectable as a break of the Friday lows on the stock index futures did not put the market into the unravel mode. Every day is a new day and tomorrow we have housing starts and permits for June which might take center stage away from some high-profile earnings releases,"
Mike Larson, an analyst at Weiss Research Inc: "With growth slumping again, and unemployment hovering near the double digits, we simply don't have the necessary ingredients for a sustainable recovery in housing," http://www.marketwatch.com/story/us-stocks-rise-on-mergers-halliburton-profit-2010-07-19
Deutsche Bank Chief U.S. economist Joseph LaVorgna: "We're romancing the double dip. I'm still going to argue that corporate profits are still up in the second quarter, and the economy is okay. But right now nobody believes it, and the pessimism is running high. That will continue until we get the double dip, or obviously won't get it, and then sentiment will come back," http://www.cnbc.com/id/38316136
AUSTRALIA MARKET
Austock senior client adviser Michael Heffernan: Thats clearly provided the boost to the market at the opening anyway. Stocks like (global miners) BHP Billiton and Rio Tinto have recovered quite reasonably. With the (Australian) reporting season coming up, I think thats probably going to provide an extra positive boost to the market. Certainly from the big stocks, youre going to get some pretty good results - Im talking about BHP, Rio and the banks. http://www.theage.com.au/business/markets/stocks-start-out-in-positive-territory-20100720-10i7f.html
Bell Potter Securities senior adviser Stuart Smith:The message from the Reserve Bank is that theyre cautious, and so is everybody else, I can tell you that. Their (the RBAs) concerns are local and global. The concern here is inflation, and whats going to be the result of the (stress tests on the) European banks. Thats not a bad lead. Apart from that, theres nothing much going on. http://www.theage.com.au/business/markets/stocks-rise-on-modest-offshore-gains-20100720-10i7f.html
When DOW is about 10 000, the SOME NICE NEWS " come out from the government.
When DOW is about 10 500 or even 11.000 the real SOME TERRIBLE NEWS can become visible on the market. Today.. we have a little of European DEBT got out of the bad news box about Ireland and Hungary.
