There was selling for weeks in anticipation of something possibly happening. Just the risk of something happening made people want to lessen their exposure.
More Quotes from Pete Boockvar:
Look, June and July the market basically crashed. Everything got washed out and everything was going to rally after that. So we're seeing a little bounce here -- people shouldn't get too carried away by it.Pete Boockvar
There's a lack of desire to do anything. It's not going to be until March that we get a really good idea about what kind of time table were looking at with Iraq.
Pete Boockvar
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Based on Topics: Danger & Risk QuotesHistory: the category of human phenomena which tends to catastrophe.
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And I mean, I'm established. So I'm not worried about having a hit at this point in my career.
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Sometimes you're in great demand. Then suddenly your career hits the breaks.
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