The negative of last Friday's decline was not the decline itself, but the complacency of the decline. There's too much complacency.
More Quotes from Gail Dudack:
The strong dollar has done two very good things for the stock market brought in foreign money and kept inflation low. Question is, 'What is the dollar going to do from here' It's been weak for the last month. Will it still create that magnet for foreign investorsGail Dudack
The market is responding very directly to interest rates as kind of a one-dimensional thing -- fearful of inflation and I think that either higher rates may catch this market in 1997, or the flip side, lower earnings.
Gail Dudack
The (stocks) with the highest (price-to-earnings) take that news the hardest.
Gail Dudack
The stock market just cannot seem to go anywhere but down whenever the long bond gets above 7 percent, and that is basically what happened today.
Gail Dudack
The main catalyst that people are looking at is tomorrow's jobs report. While there's a mix of many things going on in the market, the key thing to an economic recovery is jobs and income. That's why tomorrow's number is critical.
Gail Dudack
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