Really, everything you can point to is showing that you have inflation in check. Inflation is less of a concern, rising interest rates are less of a concern and I think sentiment in the market has turned around.
More Quotes from Gregg Hymowitz:
We know that political uncertainties will ultimately work themselves out. It's a very good opportunity to buy these stocks cheap.Gregg Hymowitz
Clearly people feel less wealthy and people are going to focus on what happens to the direction of interest rates. Over the next couple of weeks, as the election subsides attention is going to shift to (Federal Reserve Chairman) Alan Greenspan.
Gregg Hymowitz
I think Citigroup is one of the best ways to play the rising middle class around the world. It's obviously one of the premiere global plays in the financial services sector. Now with a combination of Salomon Smith Barney and Travelers, it reaches all different aspects of the financial services market and obviously it's a global play.
Gregg Hymowitz
I think now people believe that Greenspan is not going to move in October. Now, so the debate has shifted to whether he takes a tightening bias or no tightening bias.
Gregg Hymowitz
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