If you look at today, you've got to say yesterday was a sucker's rally,
More Quotes from Timothy Ghriskey:
CPI is certainly the big economic report of next week. The Fed's beige book and some of the manufacturing numbers will be looked at as well.Timothy Ghriskey
Volume is very light, and the news flow is generally light as well. After Labor Day, I think we're going to see volume pick up, and my gut says we're going to see higher stock prices.
Timothy Ghriskey
I think it's important for investors to be cautious there -- probably take some of that money off and search for new values in the market, ... Spread out your investments, because if you stay in what has been hot, invariably there will be a correction.
Timothy Ghriskey
We do have the wind of the Fed at our back. At some point this downturn we're in levels out.
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
A lot of people are calling for a correction since we've had a pretty uninterrupted run since mid-November, and that would actually be healthy for the market, ... But when you hear everyone forecasting a big correction, it often doesn't happen.
Timothy Ghriskey
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