Brian Stine Quotes (6 Quotes)

The Fed is in a difficult position given the hurricane. The Fed is kind of flying blind.

One of the main drivers right now for the market is this worry about interest rates.

Historically a flat or inverted yield curve is bad news for the market but I don't think that is the case this time. Buying of Treasuries won't go away when the Fed stops raising rates. The long-end going down just reflects demand for long-term bonds.

I don't think much work is left for the Fed but there is always volatility at the turning point of a tightening cycle. But with volatility comes opportunity. Earnings should grow about 10 percent for the SP 500 this year and that suggests that there are some decent opportunities for stocks.

The jobs numbers are going to be meaningless for the next few months. You'll have Katrina as a big asterisk. So the Fed will be flying blind a little bit.

I think the Fed will change the wording and get rid of measured. Greenspan wants to get to neutral on his watch and the Fed will want to change the wording to suggest that it's almost done.