I'd say the biggest concern right now is certainly oil. The gas pump is squeezing the consumer and the consumer is what has kept the economy going.
More Quotes from Timothy Ghriskey:
There have been few negative pre-announcements and a number of positive ones, ... Third-quarter earnings should be strong and that should continue to support the stock market. But there will always be pullbacks and volatility. There's always the potential for people to sell the news and you may see that in the short term.Timothy Ghriskey
I think this is a technical bear market rally that we could get today (Wednesday) on oversold conditions after we went through some technical levels on the major indexes yesterday. So we can expect the market to lift up some,
Timothy Ghriskey
Today, you have some not so great news coming out of the Middle East, violence in Pakistan, violence in Iraq, and that makes the rise in oil prices a bigger issue.
Timothy Ghriskey
Oil continues to be a big influence on the market, and the Fed is as well. As inflation goes, so goes the Fed.
Timothy Ghriskey
That part of their business was very strong in the previously reported quarter, and that's why the stock is rebounding,
Timothy Ghriskey
This is a very cyclical business. If an acquirer takes on debt to do this, there is high risk in that. They could be taking on a lot of debt and restructuring costs just at the wrong time.
Timothy Ghriskey
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