But stock strategists remained fairly optimistic, that the volatility that sent blue chips within grasp of a three-month low last week created buying opportunities. The particular bullish case for the blue chips here is that they've really had a correction over the last month or so, ... I look for the blue chips to catch up with the rest of the market and make new highs later this month.
More Quotes from Charles Blood:
When the time comes for the Fed to have these meetings over the next six months, the situation will look different and they will actually keep raising rates.Charles Blood
It's just a matter of time until we cross 5,000.
Charles Blood
I've attached little or no significance to blue and red stocks. There is this sort of popular sense that Republicans are good for business and Democrats are bad, but I think that's a colossal mistake, because it makes you think about the wrong sort of stuff.
Charles Blood
free and easy monetary environment.
Charles Blood
We ultimately expect the overall market to be down...and end up with a correction that totals 10 to 15 percent from the peak.
Charles Blood
During an election year, the Fed likes to stay out of the headlines.
Charles Blood
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