There are genuine concerns about economic growth globally, and there's earnings pressure from a lot of places.
More Quotes from Hilary Cook:
The global economy is still pretty good. U.S. unemployment down to 4.7 percent is very good. China's still looking bubbly. Unless it goes very pear-shaped on the global front, it doesn't look too bad.Hilary Cook
It's been an extraordinary start to the year for European stock markets.
Hilary Cook
The shares had enjoyed an extraordinary debut, much better than we expected, but they are very vulnerable to any disappointment, ... The City never likes nasty surprises and this is a difficult business model to predict.
Hilary Cook
Germany and Japan can drag the rest of the world along with them. Japan's partly being driven along by China and partly by internal structural reform. It is very good news.
Hilary Cook
Given the low rating of the shares, we would hope they would be buying them and indeed they are,
Hilary Cook
Cisco, one of the bellwethers, is going to be out after the close, ... that will be a good indication of corporate health.
Hilary Cook
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