The consumer is making a lot of money, employment is high, wages are starting to go up. People have money in their pockets.
More Quotes from Ross Margolies:
It was pretty ugly last week. We've got a lot of earnings to get through in the next week. I'm hoping there will be an absence of bad news and maybe that can help us.Ross Margolies
I expect the market to constantly get knocked on the head, and eventually it's going to sink in.
Ross Margolies
I think people are very scared. Yesterday, you had a kind of panic buying where people were afraid to be out of the market.
Ross Margolies
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