I think what we saw (Tuesday) was a bounce, whether it continues is unclear. The issue (long-term) is can the consumer hang in long enough for business to pick up
More Quotes from Alan Kral:
We think the rally in Nasdaq over the past two weeks is really a relief rally. The relief is they don't think the Fed has to go any further.Alan Kral
I think what we saw yesterday (Tuesday) was a bounce in the bear market. It could continue. There's no question there are going to be sharp rallies all the way along in here. But I think the trend has been as long as the Fed has been active, we've basically seen a down market with some rallies in it.
Alan Kral
The election is so important and the outcome is so unknown and the effect of it is so unknown that things are on knife edges out there. I know somebody will benefit but I just don't know who.
Alan Kral
The Fed made it reasonably clear they will raise rates again. The Fed is impacting the Dow stocks and not impacting the Nasdaq stocks.
Alan Kral
People have been looking for reasons to buy. There's so much money around and that places the bias in the market on the upside.
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
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