Under normal circumstances, we'd see more investors already stepping back in, trying to anticipate the economic recovery. The war and the threat of terrorism change the equation.
More Quotes from John Forelli:
We're not going to shoot skyward from here we're going to creep, ... six months or so from now, we'll probably be looking down at where we were and say 'how'd we get up here'John Forelli
But to really see a bigger push, we'd need more clarification from the Federal Reserve about when the interest rate hikes are going to end, or we'd need more benign economic data to suggest an end is near.
John Forelli
People are really starting to worry about earnings again. This is a pattern that started in September when the tech market started selling off pretty hard. We're going to have a tough quarter it's hard to see what will get people excited about the markets over the next couple of months.
John Forelli
The market was really shaken by the Fed language. You're seeing a move into more defensive names and a move out of economically sensitive issues.
John Forelli
Potentially you could get a resolution to the White House question. You could get a short-term rally on that.
John Forelli
I think there are still a lot of sectors of the economy that will get worse before they get better. I still expect to see a pickup in the economic news in the fourth quarter but there's still a big wait between now and then.
John Forelli
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I've always been terrible on regular sitcoms with lots of jokes. I don't know how to tell jokes.
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Utility is the great idol of the age, to which all powers must do service and all talents swear allegiance.
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