We had a real quick reflex reaction yesterday to the storm, 'Oh, it's not so bad, let's have a rally, ... Today it's sinking in a little bit more, Gulf Coast production is going to be offline for several days.
Bill Sutherland Quotes (8 Quotes)
GE set a nice tone. It's such a bellwether for a number of sectors.
I think everyone knows it's not a huge incremental piece of information when oil's up another 25 cents or so, even when it's near another record.
We're thinking of it as business as usual. We're helping our travelers get through it. Some are asking if they should cancel. We're recommending that they don't.
You can't cancel because there's a hurricane coming. What we have seen though in the last two hurricanes ... is that the airlines, the cruise lines and the resorts that people tend to go to that are being affected are very accommodating.
Anybody who's buying travel insurance today to protect themselves from a hurricane and their investment in their travel relative to a hurricane is probably mistaken.
Without earnings, without any Federal Reserve noise, without economic indicators that really move the needle, you're into more of a technical impact next week,
The number the market has grabbed onto is the wage increase -- so everyone's kind of gone on Fed alert. It just means the Fed has got to keep doing what it's doing.
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