The market is having a little trouble making up its mind. We'll probably waffle around a little but the tone of the market should improve as the earnings continue to come in.
More Quotes from Bill Meehan:
Everybody knows the Fed is going to lower rates. You'll start hearing people talk about more than a 50-basis-point (a half-percentage-point) rate cut -- that wouldn't shock me.Bill Meehan
Don't confuse weakness in the market as indicative of proof that the economy is coming apart at the seams. We're not in a freefall, economically speaking, and the technology sector has problems -- we all know that.
Bill Meehan
We got a little bit of a pop from the Supreme Court ruling. I think some of the strength we've seen was discounting a Bush presidency. Obviously the uncertainty was not what was hurting the Nasdaq -- earnings would be impacted by a slowing economy.
Bill Meehan
Having cash all the time to some degree makes a certain amount of sense. I don't ever advise people to be 100 percent in or 100 percent out.
Bill Meehan
The concern is not necessarily over next Tuesday, but what they'll do beyond next Tuesday. If the market rallies pretty sharply, Mr. Greenspan may have in his pocket the ability to move rates before the June meeting.
Bill Meehan
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Based on Topics: Mind QuotesBased on Keywords: waffle
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