People feel the growth is there whether you push rates up to 6.50 percent or 6.80 percent.
More Quotes from Terrence Gabriel:
Momentum investing has become more and more in vogue. When certain stocks start to move, there's a tendency toward massive concentration.Terrence Gabriel
To a certain extent, the demands on productivity are so strong and the pace of innovation is so great. There is tremendous pressure and need to spend money on the business infrastructure to continue to maintain and improve productivity.
Terrence Gabriel
I think the Nasdaq was facing a lot of profit taking already. Certainly on the Nasdaq today, the Microsoft issue is hitting stocks in general.
Terrence Gabriel
Stocks are not reacting to good (earnings) news. Next week begins the real flood of what should be very closely watched reports. If the good earnings news is not able to buoy the market, it's because of interest rate concerns.
Terrence Gabriel
It's almost like now the psychology is shifting to expectations that sequential quarters will in fact decline. Rightly or wrongly, that's the perception that's taking hold.
Terrence Gabriel
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