If we continue to see the trend slowing and we get better (economic) numbers, I think the Fed can take a pass at the end of the month and wait until August.
More Quotes from Art Hogan:
A handful of bad news for a rainy Monday. The escalation of violence in the Mid East is obviously a major issue.Art Hogan
Hewlett-Packard didn't please us with its results, and neither did Cisco yesterday,
Art Hogan
And the day's economic data, which showed strength in the housing market, were taken in stride. Good news is good news, ... This is the time we need to hear good news in the economy.
Art Hogan
It's a 'buy on the rumor, sell on the news' type of market, especially in the telecom and tech sectors,
Art Hogan
They're (Intel) not citing problems like currency or raw material costs they're citing demand, and that puts a spook in all of the markets, ... There's a little bit of a flight to safety and Hewlett is a news-related purchase.
Art Hogan
We should shrug this off and realize that this is the best fourth-quarter earnings we've seen in years,
Art Hogan
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