Given what's happened in Africa recently, there's obviously some concern of expanding terrorism around the world. This just adds to that uncertainty. But I think ultimately, the markets will focus on primary economic news.
More Quotes from Patricia Chadwick:
We may be setting ourselves up for a rally in the new year. We'll have a lot of announcements in the very early part of January from companies, which will point to some more disappointment in earnings, and that may be a catalyst for the Fed to lower ratesPatricia Chadwick
In the short term, I think there are some good signs that the Fed will raise interest rates.
Patricia Chadwick
I think that, globally, investment banking is going to be a huge opportunity for the business. We're just seeing a huge amount of activity, and I think that falls right into benefiting the large brokerage firms.
Patricia Chadwick
I don't think we're in a correction but I think we're in a very necessary leveling off period. A correction is probably over 10 percent down from the current levels and I don't think there's any reason for us to see that, but I do think given that the fact that the markets went up 7 or 8 percent in less than two months of the new year that we have to have perhaps have a couple of months time when the market doesn't go anywhere.
Patricia Chadwick
Obviously, the housing market has benefited them, but they're also doing other things. They're also selling some higher margin products, and you can go in and get the upscale products that you need. This company also has done some amazing changes in the last few years getting their working capital down relative to sales, getting a better return on their investment.
Patricia Chadwick
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