The Fed made it clear any impact from the hurricane would be temporary. If they don't stop at Katrina why should they stop at Rita Consumers are still dipping in their pockets and spending a vast amount on discretionary goods.
More Quotes from Neil Parker:
I still doubt the sustainability of the equity momentum. However, we have now built a base that we will bounce off of, and that means 6,300 is definitely within sight.Neil Parker
I do not think stocks should have a bid premium built into them. That assumes that there is a good reason to buy them.
Neil Parker
There's no sign of recovery for the euro, ... There's not much the European Central Bank can do with strong oil prices and a weak euro adding inflationary pressure. It has prepared the market for a rate rise next Thursday -- we expect 25 basis points.
Neil Parker
It's a done deal. The ECB and Bank of England will leave interest rates on hold.
Neil Parker
Rates are not rising in Japan and domestic momentum needs to be rebuilt in the economy. At the same time the United States is faced with potentially more inflationary pressures and the Fed might need to tighten more aggressively.
Neil Parker
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Based on Keywords: dippingI am going to spend my time today just thanking the people that played a role in my career, because I truly do believe that I was blessed by a lot of people that paths crossed mine as I went down the road in my career.
Nolan Ryan
I think that the game is the game. I think that expansion is good for the game because it gives more jobs to the people and more ballplayers can play, but I think the game is still the game. The ballplayers, they come into the game with one thing in mind - it's their job.
Tony Oliva
Life is not a matter of holding good cards, but sometimes, playing a poor hand well.
Jack London