There is disappointment in the stock market that they gave no sign that they're any closer to being done.
More Quotes from Jeff Kleintop:
I think we're at a point where the data coming in is good and robust, but not strong enough to suggest things are overheating. The forward-looking data seems to indicate the same.Jeff Kleintop
What he's coming through very clearly and saying is we will probably pause soon but don't assume we're done because we pause. ... But I think the market is just reacting to 'Hey, hey, Ben said we might be done soon'. Whenever you take a little uncertainty out of the picture, well, the market is going to like that.
Jeff Kleintop
By the fourth quarter, we'll have better clarity on the presidential election, we'll know more about interest rates, about how the transition of power in Iraq has played out, and hopefully, oil prices will be under control.
Jeff Kleintop
The fact that inflation picked up and caused the Fed to keep raising rates was (partly caused by) a hurricane-related surge in energy prices. There was a lot of worry created around mother nature. It threw everybody for a curve.
Jeff Kleintop
An investment in the true cost of Christmas would have yielded a better return than the stock market over the past year. However, the true cost of Christmas hedge fund has yet to be created.
Jeff Kleintop
Today (Wednesday), a lot of people are on the sidelines, but I think generally investors are beginning to return to the market after they were vacant in the first three weeks of the year, ... Mutual Fund inflows have shown that.
Jeff Kleintop
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No one had to worry about Peter after his conversion. Your investigators can be that converted.
Richard G. Scott