I don't see any last-day-of-the-year rebound. I think it will be more of the same tomorrow.
More Quotes from Jack Ablin:
The tick up in oil prices hurts, but history has shown that interest rates have a much bigger impact on the stock market than oil. And looking at the ISM services number, you're seeing the kind of gradual, lazy improvement in the economy that's not going to really get rates going.Jack Ablin
We're no longer in a buy-and-hold environment. You have to be much more active in sector allocation. That's where the future of this business is going.
Jack Ablin
Any number Wal-Mart gives is tantamount to an economic indicator,
Jack Ablin
The employment report is one of the key indicators for figuring out if the consumer can hold on. We're trying to transition this economy away from the consumer, but this potential war is getting in the way. We have to keep consumer spending going until corporate executives are able to make decisions regarding corporate spending.
Jack Ablin
Over the last four years the Fed has played the part of a surrealistic painter, creating a dreamy backdrop with generously low interest rates.
Jack Ablin
The projected job growth number would mark a pretty strong snapback from the previous month.
Jack Ablin
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