We're continuing to essentially tread water. Apple's numbers were phenomenal but yet the stock is down. Why is that? I think people were expecting a blowout quarter ... so it's kind of a sell-the-news situation. Michael James More Quotes by Michael James More Quotes From Michael James We've been in capital preservation mode since the year began and as the market has shown an inability to rally with any conviction, that's only increased the level of nervousness. Michael James company-news We've been in capital preservation mode since the year began and as the market has shown an inability to rally with any conviction, that's only increased the level of nervousness and that seemed to have spilled over today in a very significant way. Michael James industrials The mentality has been pretty negative and I don’t see that changing this morning or today until there is more meat on the bones from a data standpoint. Michael James company-news Positioning has been clearly along the lines of taking risk exposure off. Michael James most-read-articles It hasn't been any one thing today, it's been an accumulation of concerns as the week has worn on, positioning has been clearly along the lines of taking risk exposure off. Michael James company-news The (ECB) commentary clearly caught people by surprise. I think most currency traders were short the euro and long the dollar, expecting different commentary from chairman (Mario) Draghi. Michael James company-news The (ECB) commentary clearly caught people by surprise. I think most currency traders were short the euro and long the dollar, expecting different commentary from chairman Draghi. Michael James company-news The bar has been raised a bit on its earnings report from where it was a week ago. The price action is telling you there's more optimism built into it. Michael James company-news Given how strong last week was, and we're going to get into the heart of the Q3 earnings season, the market has been relatively resilient, as long as the tone of the guidance isn't totally negative, I think we have a decent chance of having an OK fourth quarter. Michael James company-news Given how strong last week was, the fact that we haven't given much back and we're going to get into the heart of the Q3 earnings season, (suggests) the market has been relatively resilient, as long as the tone of the guidance isn't totally negative, I think we have a decent chance of having an OK fourth quarter. Michael James company-news Anybody with a pulse was nervous when the market opened. Michael James company-news Anybody with a pulse was nervous when the market opened. We're still going to see significant price swings both up and down before the day ends today. Michael James company-news Anybody with a pulse was nervous when the market opened. We're still going to see significant price swings both up and down before the day ends today, the only thing that's certain is the volatility is going to continue in the short term, given the magnitude of the moves that we've already had in the last four days. Michael James company-news The housing data was pretty good, it certainly didn't hurt the bullish tone to everything housing-related. Michael James company-news I think the bulls are nervous and bears are hoping for a big market decline once the Fed does finally hike rates. Michael James company-news The market is still caught in a trading range. We're through eight months of the year and the market has gone nowhere, i think the bulls are nervous and bears are hoping for a big market decline once the Fed does finally hike rates. Michael James company-news Could that reverse itself tomorrow? It's going to take a lot of good news from Greece. Michael James company-news Could (the market) reverse itself tomorrow? It's going to take a lot of good news from Greece, there are many factors playing into increased nervousness today through the rest of this week. Michael James company-news The biggest positive about the bond market weakness is that yields going higher is a net positive for all of the financials. Higher yields on fixed income translate into higher rates and that increases the net interest margin for financials. Michael James company-news The stronger dollar, the continued hammering of the euro, equals continued lower equity prices ahead of the Fed comments next week. Michael James company-news
