It means the appetite for U.S. assets is still strong and that was enough to give stocks a boost this afternoon.
More Quotes from Michael Metz:
His first speech was solid, clear and it addressed all the issues the stock market wanted to hear about -- rates, inflation, housing, oil and the economy.Michael Metz
The market, as far as stocks are concerned, it's been amazingly resilient in the face of some very bad news, particularly about oil prices.
Michael Metz
My guess is that it was probably a program trade that went in.
Michael Metz
Oil is getting hit here and that also hurts the oil stocks. That is disenchanting a number of short-term traders who didn't expect to get hit that badly by a drop in crude prices.
Michael Metz
At some point, portfolio managers have to say that bonds are more attractive than stocks, and reallocate their investment funds away from the stock market into the bond market,
Michael Metz
Even though the summer is traditionally slow, we are likely to see a pickup overseas this year. That's really where the incremental business will come from.
Michael Metz
Readers Who Like This Quotation Also Like:
I said to myself, where are we living? In the United States of America where you're innocent until proven guilty, or Nazi Germany with the Gestapo calling?Tommy Bond
The orbit of human vision has widened and art has annexed fresh territories that were formerly denied to it.
Max Bill
When you reach the end of your rope, tie a knot in it and hang on.
Thomas Jefferson