About This Video
Title:
Published: Tue, 31 Mar 2009
Description: NYSE trader on where we should go from here
Automatically Generated Transcript (may not be 100% accurate)
" Parcel where do we go from here doing my arrow is that -- on the New York Stock Exchange story we agreed what do you buy them on to the quarter."
" Bob I -- I think this isn't particularly. Important period time right now because I think. We know what we were going to do we know all the plans are in place we have to see what's going to happen with them. That's the good news is the good news list is getting longer and the bad news listing is getting shorter. I think that. Is starkly April in the very good -- it's not 1990s so I think we have good reason to feel optimistic about the candidate well. I do think we also have good reason to think after a lineup like this we may see a pullback in the beginning of the month."
" You know there and I know a lot of -- market experts say don't be fooled by age but what could be bear market traps are bear market rallies. On what would convince you that this is an. Like that or what do you have to see is someone who follows this stuff really close."
" Well you know than the market is very forward looking and I think we still probably have some time. That -- we need to catch up the economy needs to catch up to this recent rally that we have I know I can see a replacement coming. But by the same token I think it's just it's -- of this problem has been housing. And financial. I was starting to see some movement of the credit markets are starting to see a lot of refinancing. And that's going to be good for keeping people in their homes. I think there are a lot of good things the job market however is still leaking continues to be so I think."
" What do you Ryder rental market is a leading and get in other words if you do you see in the market folks buying back their stock will not gonna say it was a great barometer but. Well I DC more deals if you see more clean test ideals. Or cash and stock deals emerges of that sort. Did that it's the beginning of something and the fact that we had not seen enough provided there. Leads some to believe they're marked."
" It's well I am I am a person that believes this is a bear market rally so I'm going to end. Agree with you on those points we have not seen a lot of corporate purchases and not a lot of enemy activity and I don't necessarily think. But that means corporations don't think that they -- stocks have value. I think people are holding cash on the sidelines to make sure that it's the right time wouldn't want -- during thank you very much so much."
" According to recycle here this when you hear referred enemy activity mergers and acquisitions usually that's sort of like a bullish -- see a lot of that stuff there there are optimistic if you don't they're not the that's what's on -- that -- market indicate anyway thank you drink do well okay."
More Videos From FOX News
How did the stock exchange electronic display get its name?
Video|Mon, 17 Nov 2008|More from News
|New York Stock Exchangefound at0:26, 1:28
Former NYSE Chairman Richard Grasso on how 9/11 affected America's economy
Video|Fri, 11 Sep 2009|More from Your World
|osama bin ladenfound at0:40
Elijah Wood speaks to the Strategy Room from the Wall Street floor
Video|Sun, 20 Sep 2009|More from Latest Video
|animated filmsfound at1:27, 1:32