Today was a holiday for some people and that's why we had light volume, ... Another reason is that investors are still debating the impact of a war with Iraq. Some feel a war will cost a lot of money, send the deficit soaring and plunge the economy into a recession. Others think this round will go a lot faster and not cost as much. But this debate is causing a lot of people to sit on the sidelines
More Quotes from David Briggs:
Any company out there that has some accounting concerns, either real or imagined, is getting hit today, ... There's fear out there that maybe Enron was just the tip of the iceberg.David Briggs
It's also September, a typically bad time of year for the markets, ... and I think after two weeks up, people are saying, 'What are we doing here' and stepping back.
David Briggs
With higher interest rates, fundamentals are starting to erode. We're looking for margins and earnings to be constrained going forward.
David Briggs
Look at Philip Morris. Its stock value was depressed for a long time on litigation risks, but after all these years the value has finally come through.
David Briggs
I think the conclusion of the convention brought a big sigh of relief. Rhetoric wasn't as bad as it could have been, and there was no terrorist attack, when the FBI and others had warned that was a possibility.
David Briggs
It has been quiet in general. We say some money go into mutual funds this week, so there was some buying this afternoon on the morning dip.
David Briggs
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