There is a certain skepticism with regard to the rallies that we have seen in the stock market. We have yet to see the worst of the economic news.
More Quotes from Anthony Crescenzi:
It's time to trade out of investments whose success depends on a strong economy... for both stocks and corporate bonds.Anthony Crescenzi
It will reinforce what's happened recently in the debt markets, (the idea) that there's been a sharp underperformance in high-risk assets,
Anthony Crescenzi
Greenspan's comments have been so specific to the markets and costs, ... The price index was worse than the market would have liked.
Anthony Crescenzi
What we're seeing is an increase in the manufacturing sector, ... The manufacturing sector has been very weak for the last year and a half -- since the Asian (financial) crisis. Now, that sector seems to be recovering.
Anthony Crescenzi
The Fed's history has been that they solve one problem but create another,
Anthony Crescenzi
But the resolution of the issue may begin to alleviate fears about systemic risk; Today we should all be looking at our financial system and saying these risks are very low, very few, and that we have a financial system that is sound.
Anthony Crescenzi
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