I never hoped that the market will go down. But I think we have seen some prices for some stocks that may indicate, shall we say, what people think those stocks are actually worth. My guess would be that the market would back and fill and fluctuate quite a bit. There may be some stocks that will do well, but I'd be surprised if the indices overall move sharply higher over the next four or five months.
More Quotes from John Carey:
We have to get these interest rate increases behind us and the Fed did hold off this last time, but I think there's still a possibility of another rate increase later in the year. And that's weighing on investor's minds. Earnings have slowed down a little bit. The interest rate increases to date have had an effect and we're seeing some earnings disappointments at some companies and that has investors concerned. But on the other hand, we have the mergers and acquisitions that tend to buoy up the prices in whatever sectors affected from one day to the next and that will keep investors interested in stocks certainly.John Carey
That was a time when they weren't really sure if things were going to come together, ... And they sure did
John Carey
A blank helpless sort of face, rather like a rose just before you drench it with D.D.T.
John Carey
If you are unhealthily addicted to reading about murder trials, this book may cure you.
John Carey
I guess everyone is looking for the first signs of economic recovery this (Thursday) morning. It's kind of like looking for the first crocuses in spring.
John Carey
There is almost a state of euphoria for the group. We don't have a strong current interest in the group at this time. With highly cyclical stocks, they can crest ahead of earnings.
John Carey
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