Kate Warne Built Quotations

Today the optimistic spirits prevailed and confidence just built as stocks held their higher levels, ... Everybody's now thinking maybe we've seen the bottom.

But overall, despite earnings, good news, the market is up but not as strong as you might have expected. So all of it was obviously built into the stocks already.

They got what they wanted, but they weren't particularly excited about getting it. That (half-percentage point cut) was already built into prices.

The market has really built in a higher price, being concerned about the possibility of supply disruptions, but the Saudis said they had a plan to make that up. The market is warily eyeing what's going on, and at the moment it's saying there's enough excess capacity, so supply is not a major issue in the short term. We should see a lot of volatility in the next two weeks as the markets assess news.