Unless we get a negative surprise on a piece of economic data that's really out of the ordinary, then it's going to be a subdued week with the Fed meeting right around the corner.
More Quotes from Ken Tower:
This proved the spark to push the market higher. It was great news.Ken Tower
You have to be a little nervous about this number. This is going to do nothing but make us focus more on next week's Fed meeting as investors keep searching about inflation clues.
Ken Tower
I think there is a wait-and-see attitude about next week's Fed meeting. Investors are thinking that perhaps the recent weaker-than-expected employment report means that the Fed is near the end of its rate-hiking cycle, but I don't think that's the case.
Ken Tower
What would make me more optimistic is if there was evidence that money on the sidelines is being put to work. But I'm not convinced.
Ken Tower
Even though the news has been dismal this week, investors have to keep an eye on the July Lows. As long as the Dow and the SP stay above those lows, you have to be ready for some good news. If you take those lows out, the market will sink lower.
Ken Tower
Technical indicators help investors avoid downward spirals like Enron. That being said, I don't pay much attention to news. I pay attention to how investors react to news. A good or bad reaction is more important than the news itself.
Ken Tower
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Based on Topics: Economics QuotesMost of the people that I went to school with - I went to secondary school - we were educated to go and work in the line at Ford's, and if we were lucky, technical skilled labor. I sort of rejected that, and thought I wanted to do something else.
Billy Bragg
Let us remember that sorrow alone is the creator of great things.
Ernest Renan
There is a number among us, young and old, of all sorts almost among us, that swarm up and down towns, and woods, and fields, whose care and work hitherto hath been like bees, only to get honey to their own hive.
Thomas Shepard