Hogan: Stocks To Fall

" Are talking on the line now from -- freeze up there in Boston and and we've talked about this is. There -- a lot of technical factors going on and a lot of love and money managers and maybe taken a few problems today and -- correctly you know we we sort of forget this or remember taken out of every October go through the same thing. Its stance is much different this year because of the extent that you really want to sort of locked up positioning closure of books out. This is the you're gonna do it remember last year you had a terribly here. You don't get fired started terribly aired and that the worst recession receive that did you know -- in recent history. But you you do get fired if you have a bad year -- a good market so that a lot of good performance out there by professional money managers thought but we -- flip side that's for outside. -- want to close of the books now and not they're not always what if there's there."

" But Pollyanna alert here art but given that September historically is down one point 5% usually and bring up to a half percent in September. If we closed down -- in October isn't that almost a big."

" During our fantastic suggested that that's exactly remember when we don't stop -- close we came -- it was like -- we have telemann no way that didn't work. June and July we -- while you know August is very terrible volumes are low but the market went higher -- copper September at the -- of the worst month. We rally through that October's you know what were without all all of our parents we're doing fine there's -- a great recovery in the market and the economy is getting better it's not unusual to see your reaction about. Of a strengthening dollar weakened it commodities market ended equities following up especially at the the last have a of October -- I I think it's. I'm Gloria in the -- the -- and the air authorities and an event. Well I think we do more consolidating next week we could do we keep in total was pullback that we see what's it probably 3% total four Ford nowadays and land next to -- probably. Double that he gets 67%. You know through next week and I think that that's the rest the consolidation. Probably -- five or 6% heading into the air so much more job -- this market tolerated and get the jobs number week from today and you know would we had a bad number last month. Didn't didn't please anybody what about this this next week for now that's -- that's that could be you know that's the toughest of the juxtapositions if you look at that. Positive GDP numbers very hard to sell that story to main street when. We see unemployment rate that's heading towards temper but I think the market's big get an expectation -- employment rate is going to. Top out at 1010 and a half percent that's probably happening in the you know first after 2010. I think that's the way to look at it but it's very typical -- sell that story -- the economy doing better but a -- it is the right that's that's -- it happens regular session. So hard if you say that they've stopped going to fall more next week obviously the fear is going to outweigh opportunity seeking to I would think that. A somebody will get him here when they see -- 200 are absolutely visit. You're you're that is your right there's a large population of investors that have been saying I'm not putting new money to work until we see a significant pullback. If we if we do you know lose another 3% next week you've got sort of fit that in between the five and 10% pullback for people were waiting for I think that that -- will be. Wolf wolf find buyers I think if -- yes that's next week's business outside of Africa thanks Arthur. I've -- art Hogan victories there in Boston."