Whether retail money is going to rotate back into the market in a huge way is the key. My guess is it's not going to happen.
More Quotes from Carlos Asilis:
There is a risk that if China liberalizes the foreign exchange system when the banks need to be recapitalized, there could be trauma in the system. My impression is that the Chinese are going to be as gradual as they can.Carlos Asilis
If rates keep going higher, that will pose some problems to sizeable chunks of the stock market, particularly financials and other areas that are interest-rate sensitive.
Carlos Asilis
Are we going to break up or down It's hard to say at this point. What is becoming clear is that buying volatility may not be a bad thing.
Carlos Asilis
If an Iraq war scenario were to unfold in the early part of the year, it would probably be welcomed by the market. Especially once victory is attained, which I think it would.
Carlos Asilis
We believe such a decline is a possibility, especially if investor concerns about a below-trend gross domestic product GDP growth outlook in 2003 are realized.
Carlos Asilis
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