The market was dead almost all day, but at the end some people appeared to believe that tomorrow interest rates will be lower and the political situation will improve.
More Quotes from Gabriel Jafet:
It was the most remarkable news of the day.Gabriel Jafet
I think the move is due mostly to the closing of the month and first half, which is a bit artificial.
Gabriel Jafet
This fall is 100 percent Nasdaq. There are no local factors today.
Gabriel Jafet
Everyone is waiting for Wednesday, and it looks like the futures market bears have used the wait-and-see mood to sell a bit and play downwards.
Gabriel Jafet
The market seems to be tied more to the Dow nowadays than it is to Nasdaq and brokers seemed to have used this small decline there as a pretext to sell and make some profit.
Gabriel Jafet
The market was really just accompanying Wall Street. The ongoing uncertainty over U.S. interest rates was making investors reluctant, especially with Greenspan speaking near the close.
Gabriel Jafet
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