At some point investors are going to cash in some chips. We are getting close to the end of the quarter, and we have to keep that in mind. The next few weeks will be as choppy as the last few, but I wouldn't expect, barring unforeseen circumstances, the market to have too much risk.
More Quotes from Charles Crane:
I think we could re-write the book a little bit. The other sort of traditional way of looking at the market is that you get a summer rally. And I suspect that we will get a positive bias to this market at some point in time over the next couple of months. However, I do think that you're probably in that quieter period for news and developments in the technology sector.Charles Crane
I haven't heard any compelling stories to say that this is anything more than bargain hunting. We're in a period of time where investors are going to be concerned about second-quarter earnings, so I wouldn't extrapolate too much from this.
Charles Crane
All of the government statistics have been far less scary than consensus expectations. (Retail sales) were weaker than anticipated and seem to be consistent with the tone.
Charles Crane
My broad advice is to concentrate on individual issues as opposed to trying to predict where the market is going. Making market calls is of very little value whatsoever.
Charles Crane
The irony of all this summer rally is that the more vigorous it gets the higher the odds are that Mr. Greenspan continues to tighten the screws. And whether that will then lead to a more severe hangover the next morning is what we're all wrestling with.
Charles Crane
Of course I'll look at it it will be useful information.
Charles Crane
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