Nobody here wants to be surprised by bad news from the Fed. People are taking profits ahead of the meeting rather than remain vulnerable.
More Quotes from Helio Ozaki:
I personally think it is absurd, but the market is again hostage to the U. S. Nasdaq index. Our problem is a lack of volume.Helio Ozaki
It is quite a big relief, showing that a solution to the Argentine crisis is close.
Helio Ozaki
Here, the worry of U.S. rates is even greater because it could mean higher borrowing costs abroad and fewer investments to the country in general.
Helio Ozaki
There were rumors that the government is meeting to raise rates. They're just rumors but it shows the market's state of discomfort with inflation levels.
Helio Ozaki
The stock market had been weak due to the Wall Street performance and concerns about Asian economies. The ratings news helped to push the stocks down slightly, but it wasn't the driving force. For a change, Argentina had no negative influence.
Helio Ozaki
The market is volatile due to instability there abroad. The market is lacking personality it is hostage to foreign markets.
Helio Ozaki
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