Foreign investors tend to be worried when there is talk of impeachment because they don't always understand our system. That is important because it was precisely Europe that contributed heavily to buying in the U.S. I don't know if they are selling right now necessarily, but it's a pretty good bet that they are not buying.
More Quotes from Peter Canelo:
With inflation really under control and deflation at producer price levels, I don't think they'll do anything.Peter Canelo
You miss out in a bull market and you basically break even in a bear market.
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The market isn't cheap. But I think strong participation from foreign investors is helping and the (planned) cut in the (U.S.) capital-gains-tax rate makes the market cheaper.
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We still have a lot of uncertainty with Brazil, and with what the government will do or not do.
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The market will be looking for a flat unemployment number and a small tick up in jobs, and if the market doesn't get that, it's gonna feel it.
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