Kenneth Polcari Quotes


With the energy on the floor at the close, I am hoping that it will continue this way tomorrow [Thursday] morning, barring any big negative news out tonight. - Kenneth Polcari


We're stuck in this narrow range until after the election. - Kenneth Polcari


We are continuing to see what we saw yesterday (Tuesday), with threats about terrorism, people taking profits (after the previous week's run) and buyers sitting on the sidelines. There's really no reason to buy right now. There is nervousness and the market likes stability. - Kenneth Polcari


Towards the end of the week, you've got a bunch of high-profile companies that are reporting their numbers and markets may be a little on edge ahead of that. If the earnings come in kind of in-line, barring any horrific numbers, I think we can hold and move higher. - Kenneth Polcari


To an extent, no matter what happens with earnings reports over the next week, the Middle East is still going to hold us back. - Kenneth Polcari


This was a perfect day. The market needed a rest. People should not read any more into it than day-to-day profit taking. We've had a good two-week run. Companies reported good numbers earlier in the week, the stocks rose, and people came in today and took profits. - Kenneth Polcari


People were kind of cautiously awaiting Hewlett all day, wondering after Intel what they might say. They met estimates and the stock is up after hours, so that might help us tomorrow [Wednesday]. - Kenneth Polcari


Last week, the market rallied on hopes that the Fed would cut rates, but today (Monday), people weren't so sure. It created a lot of confusion. People want to get back to the fundamentals, but they keep getting distracted. - Kenneth Polcari


It was the normal consolidation today (Wednesday) after two days of really good market action, but there's just no follow through. We rallied on a few pieces of news, but there's no sense of a broader recovery. - Kenneth Polcari


It was a really impressive week. We were waffling a little earlier today [Friday], but I like how it closed. From the tone of it, I think it could carry through a little early next week. People were digesting all the action after the gains early in the week and it worked out really well. - Kenneth Polcari


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