In general, we're in this low news flow period where most of the earnings are already out and it's pretty apparent that the Fed is going to keep raising rates.
More Quotes from John Forelli:
We are at the point where the economy's improving but company earnings have not yet improved. We are probably not going to hear good things from companies until the second half.John Forelli
With the ongoing uncertainty about the presidential election, I think it was wise not to change their stance.
John Forelli
But this is the time you find out if companies will come up short, so there could be a few earnings worries today.
John Forelli
Without the prospect of aggressive Fed action, I don't see any catalyst to get the market moving again.
John Forelli
We're trying to get back to normal in a situation that is proving to be anything but.
John Forelli
The inventory buildup at Cisco has people worried about future technology spending and that's feeding through to the rest of the sector, ... Valuations are still very high in the tech sector so any bad news hurts.
John Forelli
Readers Who Like This Quotation Also Like:
Its super to play with Martina, and she has huge amounts of talent. We have a lot of fun.Mary Pierce
If you want to be loved by everyone, don't go into politics.
Teresa Heinz
In every adversity there lies the seed of an equivalent advantage. In every defeat is a lesson showing you how to win the victory next time.
Robert Collier