The earnings story is good and is likely to remain very good, and the economic conditions are likely to remain supportive. It's certainly not going to go straight up beyond this period, but I think we're about two-thirds of the way through this correction.
More Quotes from Charles Blood:
I think they probably should have canceled this week for lack of interest.Charles Blood
It's pretty mushy out there, ... But it's not a bad showing after yesterday's (Monday's) drubbing.
Charles Blood
These surveys tend to be media responsive, moving according to however the news is going. If you're trying to get true insight, it's not clear that's at all helpful.
Charles Blood
There really isn't anything to explain today in the employment report. There wasn't any weird number today. Everything was in line. (The profit-taking) could be a case of 'Let's not be piggish. Let's take some profits ahead of the weekend and the election,
Charles Blood
free and easy monetary environment.
Charles Blood
We're caught in a sort of psychological trap here and sometimes to get out you've got to go down first.
Charles Blood
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