There was clearly a disappointment in the rhetoric from the Fed. It's just a buyers strike.
More Quotes from Art Hogan:
Soothing words from the Federal Reserve Chairman perhaps brought the markets back off their lows, ... Greenspan's certainly not said anything that would hurt the markets.Art Hogan
Investors are starting to discount the second quarter and price in growth in the fourth quarter,
Art Hogan
We're looking for Tuesday to be a rebound day after Friday. After a long weekend, hopefully we'll start having folks coming off the sidelines doing a little bargain hunting and focusing on the fourth quarter and first quarter of this year,
Art Hogan
It's another piece of the ongoing trend of a slowing economy, ... The credit tightening cycle is nearing an end and we have the equity markets celebrating that.
Art Hogan
We need to see more than the 1,000 jobs added last time. You want to see closer to 200,000 jobs added.
Art Hogan
They're (Intel) not citing problems like currency or raw material costs they're citing demand, and that puts a spook in all of the markets, ... There's a little bit of a flight to safety and Hewlett is a news-related purchase.
Art Hogan
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