The market will hold on to most of its gains, but it should start drifting down once the focus shifts away from a successful resolution to the war and on to the weak underlying economy.
More Quotes from Rupert Thompson:
The U.S. manufacturing ISM index should show a decent gain today, reinforcing the market's conviction that the U.S. recovery is for real.Rupert Thompson
The focus today will be the service sector confidence numbers and Cisco's results released after hours.
Rupert Thompson
He (Greenspan) is expected to try to dampen fears that the Fed might raise rates any time soon and also try to keep open the possibility that the Fed might yet ease policy further.
Rupert Thompson
It's death by a thousand cuts at the moment.
Rupert Thompson
We may be a in a classic summer lull but shares will break out on the upside in due course.
Rupert Thompson
Readers Who Like This Quotation Also Like:
Based on Topics: War & Peace QuotesI told him there was one city that they must not bomb without my permission and that was Kyoto.
Henry L. Stimson
Why don't we stop the stimulus spending? There's still about $400 billion or $500 billion of the stimulus plan that has not been spent. Why don't we stop it? It's not working.
John Boehner
We always long for the forbidden things, and desire what is denied us.
Francois Rabelais