“The market has got to find a catalyst. The only catalyst out there is earnings.”
Barry Hyman
“The market is waiting to see the earnings because that is your first catalyst in the market that can possibly dispel the slower-than-expected growth that the market is anticipating. The market is very split today. People are just looking for reasons to own some things and reasons to sell others.”
“We need a significant catalyst. Whether it be great second-quarter earnings or blowout economic data or some marquee firms coming out with a mid-second-quarter preview.”
Art Hogan
“There are not a lot of catalysts right now ahead of the earnings season. We've had some solid gains in the market and I think people are in a kind of wait-and-see mood.”
Charles Rotblut
“We expect it to be a real catalyst for recapturing some market share that was lost by the building of all the new centers in other cities.”
Stephen Perry
“So far the earnings season is kind of a mixed bag. It's not the catalyst that everyone was expecting it to be. Nokia was disappointing, Apple was positive and Citigroup is in the middle. We're still waiting for IBM.”
Larry Wachtel
“My sense is that an earnings recovery is further away than expected and there is no immediate catalyst to turn this market sharply higher. We could have a trading rally, but on balance, people are still nervous about the earnings outlook.”
Alan Ackerman
