Look for a little bit of an up move here today on the back of continuing good bank earnings and continuing growth in commodity prices.
More Quotes from Fred Ketchen:
Overall, this is a little strange coming into a weekend. You don't normally expect this in the summertime, to see this kind of strength. So you have to give the majority of the credit to that jobs report,Fred Ketchen
We find out whether they leave rates where they are or whether they raise them another 25 basis points. There is that doubt still hanging over the market.
Fred Ketchen
This is a mess, ... Big daddy (U.S. Federal Reserve chairman Alan) Greenspan is obviously eyeing these numbers, if we ever had doubt before that maybe we weren't going to see a quick move in interest rates, this may dispel that.
Fred Ketchen
The volatility of our market continues and I think there's still a lot of confusion as to where this market, at least in the short term, is going to travel.
Fred Ketchen
I'd rather be the owner of the fund. I'm much happier watching the profits accrue to the mutual fund company shares.
Fred Ketchen
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