It's the wildest market I've seen in some time, ... We've gotten to a point where we may get a short-term rally for the next week or two, but beyond that, the market is likely to retest those lows and even go lower. There still isn't much confidence out there. The market crossed back and forth over the breakeven line 18 times today Friday, which tells you how jittery investors still are.
More Quotes from Brett Gallagher:
What we're probably getting in the U.S. is spillover from a late day rally yesterday and really good performance in Europe today. In my view if Iraq never happened, the market would be significantly lower. I think the uncertainty has held up the market. The fundamentals are terrible.Brett Gallagher
After a big up day like you had yesterday, you have to have some digestion. Once things run up by a big amount, then investors have to step back.
Brett Gallagher
This is a market that has no confidence. Corporate confidence is shot, confidence in earnings is shot, and confidence in Wall Street analysts is gone. Only time is going to heal that.
Brett Gallagher
The Fed decision was basically right on top of expectations. Even the tone of their comments was balanced, as it should be. I don't think there were any surprises.
Brett Gallagher
There's nothing for investors to latch on to with conviction. We're being tested on both sides. With no clear-cut view that things are getting better, the (economic) recovery keeps getting pushed out.
Brett Gallagher
We seem to be certainly playing to the ebb and flow of the news on the Middle East. You had talk that the national security level would be raised and the market sold off immediately, then popped back up once it was dismissed. That's the kind of market we're in. It's rumor-driven, technical and the fundamentals are not playing a role.
Brett Gallagher
Readers Who Like This Quotation Also Like:
Based on Topics: Time QuotesBased on Keywords: breakeven, retest
I am just absolutely convinced that the best formula for giving us peace and preserving the American way of life is freedom, limited government, and minding our own business overseas.
Ron Paul
I believe that God has a specific plan and reason He created each one of us.
Lisa Whelchel
I thought I'd do everything on four-track, and then I'll record every instrument myself in a studio, and then I'll have a solo album released by spring.
Kim Deal