That shouldn't have been a surprise to anyone, because all the background was in place for that to happen what with rising interest rates and consumer spending where it's at, ... We may be seeing the beginning of a real slowdown in the housing market. That's a big concern hanging out there.
More Quotes from Hans Olsen:
It's really the Fed at this point that's kept the market in check. The historic conversation between the Fed and the markets has become a bit of an argument over whether there's really inflation, and whether we need those rate hikes.Hans Olsen
Right now, it's like an absence of bad news is being treated as good news. I see it as just a lot of noise right now. There's still a lot out there to deal with.
Hans Olsen
These numbers combined with yesterday's ... gives the Fed a lot of ammunition to raise interest rates and if you have, at the same time, the economy slowing, that's just going to make a really difficult environment for stocks.
Hans Olsen
This is expected to be one of the worse hurricane seasons, and so far they're right and we're only halfway through it. All you have to do is pose the question What if you had another monster storm in another few weeks, just as things are starting to come back on line I don't know how you would avoid recession in that environment.
Hans Olsen
Those are kind of defensive stocks, with fairly inelastic demand. In good times and bad, you're going to use those types of products.
Hans Olsen
If the number is 50,000 above or below, that's a variation where you'll see a reaction. If it's below, then people will right away start talking about what the revision will be next month.
Hans Olsen
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Based on Topics: Place QuotesIf a horse has four legs, and I'm riding it, I think I can win.
Charles Caleb Colton
Aim at perfection in everything, though in most things it is unattainable. However, they who aim at it, and persevere, will come much nearer to it than those whose laziness and despondency make them give it up as unattainable.
Lord Chesterfield
The existence of any evil anywhere at any time absolutely ruins a total optimism.
George Santayana