Tim Heekin Quotes
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Earnings | Fine | Robust | People | Hoping |
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Earnings have been fine, but they just haven't been as robust as people were hoping. The guidance for the third and fourth quarters hasn't been that strong, and part of the rally was based on people betting that the second half of the year would be good, so with the numbers not saying that, you're seeing some selling.
- Tim Heekin
The rally this morning couldn't hold up because there's just no conviction... There's some selling pressure there, but it's more that buyers have no religion. Tech and telecom are this huge drag on the market. People are buying very defensively in health care, chemicals, consumer products and pharmaceuticals.
- Tim Heekin