There's considerable nervousness about the direction of interest rates. After having such a strong run earlier, markets need some time to catch their breath.
More Quotes from Geoff Lewis:
The Bank of Japan realizes that maintaining zero percent interest rates introduces moral hazard into the financial system.Geoff Lewis
Their earnings have been disappointing, unlike the rest of the market. They are facing more competition from low-cost producers elsewhere, for example in China and Korea.
Geoff Lewis
Ending super-easy monetary policy is a big plus for the equity market because it means economic recovery is going to be sustained, the exit from deflation is for real, and the economy is becoming a more normal economy.
Geoff Lewis
This Indonesia thing is a storm in a tea cup. I don't see any chance of this developing into a 1997 crisis. Asia's made too much progress.
Geoff Lewis
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Based on Topics: Time QuotesDivine right of kings means the divine right of anyone who can get uppermost.
Herbert Spencer
God works powerfully, but for the most part gently and gradually.
John Newton
We have the right as individuals to give away as much of our own money as we please in charity; but as members of Congress we have no right to appropriate a dollar of the public money.
Davy Crockett