In the end, the market is going to look at the financial situation, and that will depend on the United States' ability to transfer power and withdraw and relieve the financial strain of this whole exercise.
More Quotes from Milton Ezrati:
I think the market has a preoccupation with earnings, ... They've been very disappointed and there's a big concern that the slowdown in the economy earnings might have more earnings ramifications than was previously thought.Milton Ezrati
I don't think he gave the market as definite a picture as it wanted, and we're seeing the consequences of that now.
Milton Ezrati
The market is on a knife edge right now because it has this tremendous hope that it will live in a perfect environment where the Fed stops, but the economy is still strong enough that companies will still report strong earnings.
Milton Ezrati
This provides some conviction that China's economy is still growing very fast.
Milton Ezrati
The economic situation couldn't justify that -- a rate cut, ... The other thing is we're in the middle of an election cycle and the Fed is loathe to change policy in the middle of an election cycle. They like to be, politically, like Caesar's wife -- above suspicion.
Milton Ezrati
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