There's a lot of uncertainty with these deals. You've got Congressional investigations that will take place. Foreigners come in and Congress will take a really close look at it.
More Quotes from Larry Rice:
You've got the Fed meeting out of the way but you have higher oil prices, which is impacting the transportation average today. As far as oil is concerned, you're coming into the heating oil season and inventories are down. I think that weighed upon (Fed chairman) Greenspan's cautionary bias.Larry Rice
That's three years in a row we're looking for a slow first half and pick up in the second. That's no surprise.
Larry Rice
The biggest distraction this week for investors will be patriotism, ... It's gonna be back and forth all week. After next week, we'll be able to move forward.
Larry Rice
I don't expect this economy to show any signs of slowing down. One of the strategists a couple of years ago alluded to the battleship -- you don't stop this battleship in mid-water unless you have a bunch of torpedoes and the anti-aircraft, and the fact of the matter is, there aren't enough torpedoes out there yet,
Larry Rice
If he (Fed Chairman Alan Greenspan) doesn't raise rates and goes to neutral, the market is going to go crazy if he doesn't raise rates but stays tight, everyone will say it's expected -- so why be a hero ahead of this meeting ... I expect he's going to do nothing and maintain a very vigilant bias. I think he's going to be on the (lookout) for inflation.
Larry Rice
The best thing that could happen is for this market to have a reasonable correction, ... I would have thought we would have had one a long time ago.
Larry Rice
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Based on Topics: Place Quotes, Uncertainty QuotesI am not unaware how unpopular on this floor are the sentiments I am about to advocate.
Benjamin F. Wade
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Alexander Pope
Nothing that comes from the deep, passional soul is bad, or can be bad.
David Herbert Lawrence