If the inflation reading comes in high it could really torpedo the markets. The markets were really bracing for that figure today, going a little higher with the idea that they could really fall tomorrow.
More Quotes from David Briggs:
This particular stage of poker on television is driven by people who have been playing offline for the last 10 years.David Briggs
It's not surprising that the buyers are timid.
David Briggs
The market is still susceptible to bad news. You can see that in today's trade. Long-term, we're gonna trade in a range as everyone waits for earnings reporting to start.
David Briggs
I'm not sure what's holding investors back, but I'm not anxious. January was a pretty typical month and I think it's only a matter of time before markets do better. I'm just not sure what the catalyst will be.
David Briggs
We seem to have a hiccup every late September or October, and that's set us up for a bit of a rally, ... The question is whether it fades in early November or lasts through the holidays. I need to wait and hear from retailers before that becomes clear.
David Briggs
The market's already been up a lot and there just aren't that many more days until the end of the year. People are looking at what happened in last year and thinking we might see a January pull back.
David Briggs
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