I'm afraid that even if (Fed Chairman Alan Greenspan) cuts by a half, that isn't going to do very much for the market. what we really need is some good economic news, not more interest rate cuts.
More Quotes from John Kinsey:
There's absolutely no corporate credibility out there and investors are starting to walk, ... I really don't see this market turning around unless something dramatic happens, but I just don't know what that could be.John Kinsey
This market has no leadership. It's like a rudderless ship, bobbing up and down on the ocean. What's up one day, is down the next,
John Kinsey
Commodities are carrying the day. There's a bad side to it. Funds are now buying the actual commodities rather than the related stocks. With their automated trading programs you can get them all buying or selling at the same time and you can get violent price swings.
John Kinsey
Everyone's waiting for Wednesday, for (Federal Reserve Chairman Alan) Greenspan to make a decision,
John Kinsey
Most of the heavies have reported. And the second quarter is mostly behind us. It's more of the same, no leadership.
John Kinsey
I think this is something we live with on a day-to-day basis, unfortunately, and hope that when we get these violent swings they provide an opportunity for longer term investors.
John Kinsey
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