The number one factor next week will be the market's own internal dynamic. In other words, how much more momentum does the market have after going up 1,000 points in one month
More Quotes from Al Goldman:
The performance of the major stock averages didn't make anyone happy in 2005. But when you consider what the markets had to contend with, treading water is not so bad.Al Goldman
We had a very big celebration yesterday but there is still a lot of fear in the market. We got above 11,000 and now we're retesting it in a very normal pause to refresh.
Al Goldman
We still have a lot of problems on our plate. No matter who's president we still have Iraq, we still have high-priced oil, we still have the war on terrorism.
Al Goldman
Everybody knows that the economy is going to do better sometime, that the stock market will recover sometime. It's a question of when you are ready to make a bet.
Al Goldman
We've had a strong economy for four years now and no inflation, so I don't see inflation as a problem, ... The market went into the tank early today because the message was our correction just wasn't over yet and then, of course, pressure from the techs.
Al Goldman
And the Fed is in business for one reason only, and that is to try and control inflation.
Al Goldman
Readers Who Like This Quotation Also Like:
What we observe as material bodies and forces are nothing but shapes and variations in the structure of space.Erwin Schrodinger
Take hope from the heart of man and you make him a beast of prey.
Ouida
I was born in 1961. Now I think the 16 years that elapsed between 1961 and the end of the wars is nothing. To a child growing up it felt like an eternity, an entirely different world.
Jeremy Northam