I think there is a lot of nervousness that we'll have a repeat of last time. No one wants to see this drag on like it did in 2000.
More Quotes from Douglas Altabef:
We're seeing the reality of a market that does not have any great conviction. Anyone who expected a linear, 'We're off to the races' kind of tone after last week was mistaken.Douglas Altabef
I think the market is beset with tenacious negativity. It's a 'glass is half empty' attitude in the market, where bad news is interpreted as bad news and any good news is just OK.
Douglas Altabef
We were going to have a knee-jerk negative reaction to the Fed's decision no matter what, with so many different opinions on what should be done, but I think today, it may be that people are looking more closely at the statement and see it as the Fed saying things are slowly going in the right direction.
Douglas Altabef
I think that there is an upward bias. The market for the first time in a long while is wanting to go up.
Douglas Altabef
We're looking at the first day of the rest of the year and it's looking like more of the same. On an up note, there is more discussion that maybe we have worked through some of the intense negativity of late and that the disconnect between the economic data and market action may end soon.
Douglas Altabef
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Based on Topics: Time QuotesWhat we call happiness in the strictest sense comes from the (preferably sudden) satisfaction of needs which have been dammed up to a high degree.
Sigmund Freud
And if that's what the American people want, then that's what the policy should be, of course. But the idea that anything in the United States is too sensitive to discuss or too dangerous to discuss is really, I think, absurd.
Michael Scheuer
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Randy West