Perhaps this market has been oversold and the reaction to Mr. Greenspan's comments has been a little overdone. It would appear that that being the case, perhaps we're seeing a little bit of mild confidence returning to the market,
More Quotes from Fred Ketchen:
The volatility in our market is a major factor that has to be considered. There was a nice rally toward the close, ... Maybe there's a lot of people who think these technology stocks have had such an erosion that perhaps it may be time to step in and buy a few of these things.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
The price of gold has taken a jump. We'll see a bump in gold stocks on that.
Fred Ketchen
It has been a day of recovery, and I think there has been some comfort and satisfaction taken from the comments earlier today of Abby Joseph Cohen, who says equity valuations are the most attractive they have been all year.
Fred Ketchen
There was a quick turnaround in New York, which indicates that things are totally under control. After a sloppy opening, they turned around in a hurry.
Fred Ketchen
The market has grown and people are more aware of wealth-generating opportunities and risks in the stock market, but (those are) risks they're comfortable to take, I guess.
Fred Ketchen
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