The big unknown in this is the geopolitical situation,
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We've had a good run-up, so it's fine to pull back a little. The important thing is that the market is ignoring bad or lackluster news. You don't see that when something tops, just at bottoms,Jon Burnham
The market's getting to a point where it's ignoring the bad news.
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The central bank needs to get money into the system. I think the economy has problems but it's not going into a depression. It's corporate America that's doing everything to undermine investor confidence. Corporate malfeasance is horrendous.
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The Fed is our friend. They are going to reduce interest rates by as much as they need.
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In terms of stocks, GE is the biggest problem today, as is the American automobile sector. You've got Ford trading at 7 a share, that's practically bankruptcy level for a company that is not in danger of declaring bankruptcy. And when GE, one of the great, major companies of the world is down, it has a big impact on the psychology.
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This kind of news makes the market feel better for the moment, but when you're in this kind of bearish trend, some small concession isn't going to reverse direction. A lot of people thought Bush should have acted sooner. Even with this moving forward, the market has other things to worry about, like the economy, corporate profits and Iraq.
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That's all folks!Mel Blanc
Prior to Wordsworth, humor was an essential part of poetry. I mean, they don't call them Shakespeare comedies for nothing.
William Collins
If you're always strict with yourself, life gets miserable. And we're supposed to enjoy life.
Mia Maestro