The way the bad news from Deutsche has been handled by the market shows we're not in bad shape right now. There seems to be sentiment change with the market looking at the good news,
More Quotes from Lex Werkheim:
Interest rate fears have waned a bit. Although inflationary worries remain, good earnings are supporting and the market seems poised for further upside. We could end the year on a positive note.Lex Werkheim
The fact the placement went so well is a sign of strength for that company.
Lex Werkheim
After a bit of a recovery, the market is in a wait-and-see mode again. There is the usual window-dressing ahead of quarter-end,
Lex Werkheim
There is money out there which wants to invest in growth. Clearly a lot of people are seeing a healthy environment ahead.
Lex Werkheim
I would say that this is definitely consolidation. I was very pleased with the productivity numbers and had hoped for a follow through today.
Lex Werkheim
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