I'm not so sure that the appointment, or the apparent appointment, of Mr. Snow is the significant fact, but the fact that Mr. O'Neill is out. My guess is that almost anybody in there save Mr. O'Neill is going to be perceived as a positive by Wall Street.
More Quotes from Michael Driscoll:
Strategists and traders said they anticipate a week or more of wild swings on Wall Street. The volatility that I expect to see over the coming weeks is going to be very sharp, very dramatic, ... You're going to have big, big moves in both directions, and like it or not, everybody's going to become a trader.Michael Driscoll
Greenspan saying he's optimistic about an economic recovery is as positive as it gets. He may as well jump up and down on Times Square ringing a bell.
Michael Driscoll
The Boeing stock was out of favor for a long time. I think people are still kind of searching for stocks that may have been undiscovered and overlooked, and Boeing is one of them.
Michael Driscoll
Exogenous factors can't be telegraphed. If a war breaks out in the Middle East, and oil flows are disrupted, or the U. S. experiences another terrorist attack, that will hurt this positive mood.
Michael Driscoll
The futures are down and that's got to be expected after the previous week's strong moves. But what's most impressive is that the market for all intents and purposes is hanging on to those gains.
Michael Driscoll
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