These businesses will go from being great to being pretty good and expectations are being dashed. This is a very tough time for people in the investment business to make returns.
More Quotes from Cummins Catherwood:
There's concern about the ramifications of the Delphi bankruptcy.Cummins Catherwood
I expect a mildly positive day. Without a doubt we are beginning to see earnings figures, and they have been more positive than negative.
Cummins Catherwood
When the market is uncertain, it either drifts or goes down. Looking at the economic figures that we're seeing, it tells you that inflation is coming. I suspect the Federal Reserve will keep beating on it gradually.
Cummins Catherwood
A couple things this morning are being driven exclusively by the option expiration tomorrow. It's just a fact of life that you get some abnormal activity in the week before, and certainly the week of, the option expiration.
Cummins Catherwood
The earnings that are coming in are as good as or a bit better than expected. When you see that, it tends to pump up the market's mood a bit.
Cummins Catherwood
When interest rates go up, the utilities don't do so well, and I think there's a developing consensus that they've gone awfully far.
Cummins Catherwood
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