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.
More Quotes from Michael Driscoll:
It's going to be painful and it's going to be choppy but you have to take a longer time frame than day-to-day.Michael Driscoll
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.
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
There's concern in the trade by travel agents . . . about just what is the future of this company. The company doesn't seem to be addressing those concerns.
Michael Driscoll
It's going to have to reach a point sometime in the future when the earnings aren't going to justify the valuations of stocks,
Michael Driscoll
There's not a lot of conviction.
Michael Driscoll
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