There was a sense that a year-end rally would take us higher, but there's some concern from the bond market flattening. The inverting of the yield curve would bring us more problems in 2006. We also have light volume, exaggerating moves to both sides.
More Quotes from Jay Suskind:
The news today so far has been quite poor to say the least. You've got oil up, and it continues to go higher. The ISM manufacturing came out softer than expected. And Wal-Mart wasn't great.Jay Suskind
I think it's going to be tough to draw conclusions because of the lack of participation. Next week, you'll start to hear about technical levels of the indices. People will be wondering, Can we break through and really continue this year-end rally
Jay Suskind
It's more of the same uncertainty and energy, ... Throw in inflation and the possibility of slower growth because of the hurricane, and we're all out of sorts. There's no good news out there.
Jay Suskind
There's pent up optimism that the next couple of quarters should be OK for corporate America and the economy because the interest-rate environment has stabilized.
Jay Suskind
Cooler heads are prevailing today, but there's just no buyers.
Jay Suskind
(Commodities prices rising) would certainly seep through the economy, and the Fed is going to hike rates to keep that inflation under control.
Jay Suskind
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Based on Topics: Sense & Perception QuotesBased on Keywords: exaggerating, flattening, inverting
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