I think there's probably at least another 50 point hike before the election, and then if the economy doesn't slow in the third quarter, watch for the stock market to anticipate more after the election, because from September to November, they are likely to be quiet,
More Quotes from Ronald Hill:
When you research companies, they now have a statement on Y2K compliance, which they are required to give you,Ronald Hill
Actually, earnings estimates will be rising, and normally when rising earnings are occurring for the technology company, the stock will follow along.
Ronald Hill
If we started to hit some new lows intraday on the Dow and the Transports, a lot of people would sell because a number of newsletters follow the theory and a lot of fast money trades off the Dow Theory,
Ronald Hill
(FedEx) is really a play on the broad based global recovery. Sort of moving out of the truckers, moving into the international people away from a strict domestic U.S. focus, more toward international focus,
Ronald Hill
We were surprised because it was a little light on the top line.
Ronald Hill
Despite the payroll employment number being higher than expected, the fact that average hourly wages were so small means that there are not a lot of wage pressures, not a lot of demands to add new workers and, therefore, not a lot to worry the (Federal Reserve) in this report.
Ronald Hill
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