The end of the strike in New York is good for business and I would expect that to help support a rally.
More Quotes from Michael Metz:
There's anecdotal evidence that individual investors are looking more towards the equity market than real estate. It's a good sign initially that there's new demand, but it could suggest we're at the final stages of the advance.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,
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If we do have oil prices at this level for another week or so, it's going to make investors reconsider the whole outlook for consumer demand, which of course has been the real fuel for the economy.
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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.
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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.
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