I don't know where the market's going to go but I know that the market's priced for perfection and there are potentially some imperfect things happening, and not just Kosovo.
More Quotes from Vince Farrell:
The market is not going to figure out where it wants to go until you have some conviction about where the Fed wants to go in terms of raising interest rates.Vince Farrell
What bothers me here is that we're dismissing the Southeast Asian crisis, and I don't think it can be dismissed. I think it's going to have an impact that will be deeper and longer lasting on the U.S. economy than we're giving it credit for.
Vince Farrell
It's starting to feed on itself, which is the anxiety which marks the bottom.
Vince Farrell
We had a wonderful day yesterday, and our biggest position is CIT Group, which was taken out by Tyco International,
Vince Farrell
The good news in this correction was that there was a reason for it to correct,
Vince Farrell
Both Farrell and Eisen forecast that the major indexes will be caught in the current trading range for some time. I think there will be extraordinary volatility day to day, ... but at the end of a month or the end of the quarter, very little net change. My guess is that the averages will finish slightly up on the year, because usually you don't have more than two down years in a row.
Vince Farrell
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