There has been very much a sea change of investor opinion here. We've gone from a period where the Fed was simply moderating growth to a period where the Fed is trying to restrain growth or even depress growth.
More Quotes from Tim Ghriskey:This is a company where management is still committed to spending earnings to stimulate future growth and market share. You are betting with management that their efforts are going to pay off. Is there any guarantee No.
The focus is always on retailers on Black Friday, and early speculation is that concerns about early retail spending are overblown and that we're going to see a reasonable holiday season.
It's taken a while to generate the real increase in trash levels that these companies benefit from. That's what we're finally seeing flow through here.
The results were very impressive, especially given the market environment, ... Clearly the trading business made the quarter, helped by Spear Leeds, which obviously distorted it a little bit.
This lends a positive tone to tomorrow's opening, as well as crude being down significantly today.
Techs have been underperformers during the month of December, especially the second half, so I think we're seeing some bargain hunting within technology.
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I actually think with age comes some level of wisdom.
Age does not protect you from love. But love, to some extent, protects you from age.