Commodities are carrying the day. There's a bad side to it. Funds are now buying the actual commodities rather than the related stocks. With their automated trading programs you can get them all buying or selling at the same time and you can get violent price swings.
More Quotes from John Kinsey:
Investors have to be patient and bide their time. From what I see, the second quarter is not going to be that great and who knows about the second half,John Kinsey
Everyone's waiting for Wednesday, for (Federal Reserve Chairman Alan) Greenspan to make a decision,
John Kinsey
I think this is something we live with on a day-to-day basis, unfortunately, and hope that when we get these violent swings they provide an opportunity for longer term investors.
John Kinsey
I think people were looking for a more definitive kind of answer from (the Fed).
John Kinsey
He doesn't want to err on the side of conservatism. The consensus is that he will do one more cut and then that might be the end of it for some time.
John Kinsey
It's going to be volatile as long as we have so much hanging in commodities.
John Kinsey
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