Absent bad news, the market wants to go up. There's a lot of money around and a lot of hope around.
More Quotes from Alan Kral:
The defense sector has had quite a run over the past 18 months. As people start to anticipate a war scenario, we're seeing a little froth in these stocks.Alan Kral
Once we get past the CPI, we'll be right into Fed watch. Just because the numbers report a slower economy doesn't' mean that we're looking at anything more than the natural seasonal response.
Alan Kral
What you're seeing today is that swing back and forth. There's always a range of expectations, which means he'll (Fed Chairman Alan Greenspan) always disappoint somebody, and a lot of that disappointment was reflected yesterday.
Alan Kral
Probably there won't be any peace until after the Fed has spoken. This is a very sensitive time in the market and you'd better be comfortable with the stocks you own.
Alan Kral
We pick those two for their exposure to the domestic market. We think the recovery in Asia is lifting demand and has re-established a floor under oil prices, and we don't expect prices to drop any time in the near term.
Alan Kral
Two that need to be looked at are J.P. Morgan and Merrill Lynch. J.P. Morgan because they have been heavily involved internationally over the last couple of years, and Merrill Lynch is the leading retail financial brokerage stock in the country. How they did coming out of the fourth quarter is very important.
Alan Kral
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Based on Topics: Hope Quotes, Media & News Quotes, Money & Wealth QuotesIt is the mark of an educated mind to be able to entertain a thought without accepting it.
Aristotle
I'm an advocate of the great Dr. Johnson, the English man of letters who said that patriotism was the last refuge of the scoundrel.
George Galloway
The greatest danger of bombs is in the explosion of stupidity that they provoke.
Octave Mirbeau