The market had a lot of bad news to tap dance around today, ... We had bad corporate news for some of the Dow stocks ... an FBI warning and geopolitical concerns with Iraq.
More Quotes from Art Hogan:
The door being open for further rate cuts is bad news. We don't need further rate cuts, we need stability in the economy, ... We do care that we oversold yesterday and there's relatively positive news on the semiconductor front.Art Hogan
He's been very clear. The Fed may take a pause for a month or two, but that doesn't mean it's the end of the rate hikes.
Art Hogan
This is a delayed reaction to the Fed's rate cut and it was good news, ... It looks like investors are participating.
Art Hogan
We had a terrific week last week, ... Investor sentiment has shifted to people not wanting to miss out on any strength. There's a lot of cash on the sidelines.
Art Hogan
We need to see the light at the end of the tunnel with the Fed. That's the major catalyst holding us back right now.
Art Hogan
We'll continue to see more of that, with the market gyrating toward that end. It will be difficult between now and Oct. 15 the next Fed meeting to get anything done until we know where we're going with interest rates.
Art Hogan
Readers Who Like This Quotation Also Like:
Small things amuse small minds.Doris Lessing
As far as performance, the roar of the crowd, the smell of the greasepaint no I don't feel that.
Peter Garrett
Earth Day 1970 was irrefutable evidence that the American people understood the environmental threat and wanted action to resolve it.
Barry Commoner