I think people are really concerned about this dollar. The dollar is going to go much lower than it is now, meaning people are likely to opt away from the dollar and away from U.S. investments and into investments they feel a little more comfortable with.
More Quotes from Steve Previs:
This is just what the market doesn't need right now and will hurt investor confidence.Steve Previs
The futures aren't indicating very much anyway and you would expect them to be down a little bit, probably a little profit-taking after the big run-up we had last night.
Steve Previs
It's been very quiet this morning. We have a lot of economic numbers out this week that people will be focusing on, and there is the Fed tomorrow.
Steve Previs
There's no top-line growth -- that's the problem. Companies are cutting costs and people to meet their targets, but there are only so many people they can cut.
Steve Previs
The big risk is on the downside, but the market is ignoring a multitude of things they should be concerned about, such as the deficits and the weak labor market. We are getting to a point now where so many stocks are so overvalued that it is ridiculous and somebody at some point is going to say 'Mummy, the Emperor doesn't have any clothes on'.
Steve Previs
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