We got whacked on the Fed comments (Wednesday), but that reaction doesn't make sense. Don't you think if the Fed is hinting that interest rates will go up sooner, that suggests the economy is doing well I think the comments bode well for the GDP (gross domestic product) report tomorrow and next week's monthly employment report.
More Quotes from Robert Long:
In retrospect, the number is what Wall Street wanted. It's strong enough to suggest the labor market is starting to improve, but it's not so strong as to create worries that the Federal Reserve will need to raise interest rates sooner rather than later.Robert Long
We'll probably have a couple classes every month until the end of the year.
Robert Long
Applied Materials had some good things to say yesterday, but they're doing the old 'sell on the news' with that one. Plus the stock is not cheap right now.
Robert Long
I wanted to do this (cosmetology) since I was a very little girl,
Robert Long
There are some genuinely problematic reports out today, like Merck, but there's a lot of good stuff, too, and people are taking some pretty decent earnings and focusing on the negative,
Robert Long
We had a brief correction for a few days with some early tax-selling and some portfolio managers wanting to take profits, but we're back on track today.
Robert Long
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