Cooler heads are prevailing today, but there's just no buyers.
More Quotes from Jay Suskind:
(Commodities prices rising) would certainly seep through the economy, and the Fed is going to hike rates to keep that inflation under control.Jay Suskind
There's not much players around. Buyers are mostly absent while there's a lot of tax-related selling going on.
Jay Suskind
I think it's going to be tough to draw conclusions because of the lack of participation. Next week, you'll start to hear about technical levels of the indices. People will be wondering, Can we break through and really continue this year-end rally
Jay Suskind
I think what you have is a manic market. The market reacts differently to the news each day. One day it's sure of a strong economy and controlled inflation the next day, it reads higher rates from the Fed.
Jay Suskind
You've got a push-pull between tragedy and the good that can come out of it for the markets. You've got to rebuild, and you're going to put money and resources into that and create jobs.
Jay Suskind
There was a sense that a year-end rally would take us higher, but there's some concern from the bond market flattening. The inverting of the yield curve would bring us more problems in 2006. We also have light volume, exaggerating moves to both sides.
Jay Suskind
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