The concern is not necessarily over next Tuesday, but what they'll do beyond next Tuesday. If the market rallies pretty sharply, Mr. Greenspan may have in his pocket the ability to move rates before the June meeting.
More Quotes from Bill Meehan:
If they (the Fed) had any plan whatsoever, they wouldn't be trying to micro manage the economy and target the stock market like they have been.Bill Meehan
There are analysts out there talking up their favorite tech stocks. On the other hand, there are still concerns that large cap tech stocks may be doing some pre-announcements, so there are a lot of cross currents.
Bill Meehan
In the past Greenspan has implied market valuations are OK. as long as earnings growth is sustained. But there's a lot of concern valuations are too highand now we've had a couple of earnings warnings.
Bill Meehan
I think there was a lot of optimism built into the market that a soft landing is coming and the Fed will be easing. The decline in the unemployment rate cast doubt on that scenario happening. The Fed continues to be concerned about the potential for infla
Bill Meehan
The perennial favorite is technology because whether you think the economy is slowing, growing, or somewhere in between, there's a great belief that these companies in the new information age will generate good earnings growth no matter what happens.
Bill Meehan
Don't confuse weakness in the market as indicative of proof that the economy is coming apart at the seams. We're not in a freefall, economically speaking, and the technology sector has problems -- we all know that.
Bill Meehan
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