There’s an upward bias in the market, with more people generally kind of positive because the economy is doing well. Most people agree there’s going to be at least two more rate changes. If you...
—Jim Fehrenbach
Obviously, when it comes with the stock market, the economy and everything else, it’s an enormously important position, and I think it relieved people to see (Bush) appoint someone who is believed to be the...
You have gold making a high, and gold at these levels is kind of a red flag. Maybe there’s some money going out of equities.
Obviously, we’re starting to get the news from Katrina on the real situation, and the market is viewing that as not as bad. What’s really driving it is when some refiners will come on line....
There could be a bit of a sea change in what’s happening in technology when a bellwether says that it’s going to increase spending.
We’re in a bit of a tight band right now, but that never lasts forever. We’re waiting for the genesis of what will move the market either way. It absolutely can come tomorrow, but if...
Traditionally, Fed governors have raised past the point where the Street thinks they should, and I don’t have any reason to believe that that won’t be the case this time.
The market is under pressure due to oil prices, Iran and concern about prospects for more interest rate hikes from the Fed.
Bush is saying that he’s concerned about energy and that supply is not keeping up with consumption.
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