We're really just in a trading range ahead of next Tuesday, but the trend is basically bullish.
More Quotes from Dennis Hynes:There is still principal concern over Fed tightening and we've rallied a tremendous amount since mid-May. Right now, we're kind of in breather status.
I don't expect the market to do a whole lot. With oil above 31 (a barrel) even after OPEC agreeing (to raise production), it does tell you that the inflation bell is ringing, so I do think you need to be concerned about that.
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I think I'm in a really nice position, where I'm sure I could do another show if I wanted to do one, but right now the main thing in my mind is writing songs.
This house better get cleaned up in six months. The swamp is going to have to be drained pretty quickly.
I shall cheerfully bear the reproach of having descended below the dignity of history if I can succeed in placing before the English of the nineteenth century a true picture of the life of their ancestors.
Thomas B. Macaulay