Peter Greene Last Quotations

The Sox, which had been positive on a relative basis during the last three sessions, is now accelerating, and the composite is leading, which is important.

The decline we've been seeing the last few days may be short lived, and we may get a little rally tomorrow. But beyond that, near-term we've seen the highs. The Nasdaq, which led the rally last year, is continuing to lag the broader market, which is a negative.

Greenspan's comments are obviously a big turnaround from what he said last year. But the bond market is usually ahead of the Fed about interest rates, and it has priced in a rise.

A lot of people made a lot of money in the last two days, but nothing much has changed. We're still facing layoffs and the threat of action in Afghanistan, ... This is still a market that is focused on good corporate events going forward, and right now, we're not really seeing any.

The rally that we've had for the last couple of weeks was basically concluded this week. You're seeing investors starting to discount positive news from companies and a Fed rate cut next week,