Matthew Kaufler, equity market strategist and portfolio manager at Federated Clover Investment Advisors: "Energy stocks firmed up a bit with the price of oil going up [and] that gave the market a little lift. And I suspect investors are trying to shrug off some of the news early on in terms of disappointing revenue. A lot of companies are coming in in line or slightly ahead on the bottom line, but the top line has come up on the softer side,"
Jeffrey Kleintop, chief market strategist at LPL Financial: "Overall the results have been very strong, yet the market seems really worried about another dip and what the third and fourth quarters look like," http://www.marketwatch.com/story/us-stocks-tumble-as-goldman-ibm-disappoint-2010-07-20
Dave Rovelli, managing director of U.S. equity trading at Canaccord Adams: "That's all speculation. I think it's more Apple and Goldman rallying and taking the market up with it."
Ryan Larson, head of U.S. equity trading at RBC Capital Markets: "People are very concerned about growth in the second half. That's going to be key to sustaining any rally coming out of earnings season." http://money.cnn.com/2010/07/20/markets/markets_newyork/index.htm
Peter Boockvar, equities strategist at Miller Taback: "With a market that's dealing with this daily double dip debates; we need to see more revenue upside. Earnings season is great. Revenues season is more mediocre. Revenues become more of a focus in a market that's worried about economic growth,"
AUSTRALIA MARKET
Macquarie Private Wealth director Martin Lakos: Resources and generally the diversified miners were stronger overnight, particularly on the back of talk of some stimulus coming back into China. And it doesnt look like that quarterly report (from BHP Billiton) has done any harm to the share price, http://www.theage.com.au/business/markets/strong-leads-propel-stocks-higher-20100721-10jup.html
Burrell Stockbroking associate Peter Wright:"We seem to be pretty cautious going into US (trading) sessions, and have been for some time. The BHP Billiton production report had been well received, but the stronger resources sector was more related to the positive overseas lead and improved prices for commodities http://www.thebull.com.au/articles/a/12950-aust-stocks-higher-at-noon.html
Metal stocks up for no good reason (particularly US Steel). We might see a drop tonight. The Firework may go on for only some days until a big down slit unlock one day.IMHO
