When Greenspan spoke the market rallied, and when he stopped it gave the gains back.
More Quotes from Barry Ritholtz:
It was a matter of time before the core rate started feeling the effects of increased energy and commodity prices, ... Maybe it's aberrational but maybe it's the start of something more significant.Barry Ritholtz
We've got a nice snapback today. We got shellacked over the last few days, so it's not surprising to see a little bounce back.
Barry Ritholtz
When you stop and think about it, if the Fed were to pause, what does it actually do for anybody ... in the afflicted Gulf region At this point they're more concerned with basic food and shelter and not really comparison-shopping for mortgages.
Barry Ritholtz
This is one reason why recent labor numbers were lackluster, ... Accelerated deprecation put a thumb on the side of the scale in favor of increased capital expenditures instead of hiring.
Barry Ritholtz
We see inflation rearing its head across the board. Contrary to what a lot of people have been saying, it's not just energy.
Barry Ritholtz
The only dark cloud to this number is that now the Fed has no reason whatsoever to stop raising rates.
Barry Ritholtz
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According to the now almost universally accepted theory, all the races of mankind had a common origin.
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