We're trying to get a little rally going short-term, but today was a bit nerve-wracking.
More Quotes from Paul Mendelsohn:
The yield curve is beginning to frighten people.Paul Mendelsohn
However, the market has already discounted first-quarter earnings, and maybe even second, ... The greater concern is about the economy going forward.
Paul Mendelsohn
You probably just have some profit taking on people who've made some money on this move from 1,260 to 1,290 are on the SP 500.
Paul Mendelsohn
It's a big week on the international front and not just from our side. The Bank of England and the Bank of Canada will be making announcements next week plus the Bank of Japan says it's going to start draining liquidity from its system in advance of its first rate hike in years.
Paul Mendelsohn
It's going to be a really busy day. All of this means you're probably going to see a lot of volatility.
Paul Mendelsohn
The big problem for the market has been the news flow. Energy prices continue to rise, gold prices continue to go up and earnings are coming in very mixed.
Paul Mendelsohn
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