There's absolutely no corporate credibility out there and investors are starting to walk, ... I really don't see this market turning around unless something dramatic happens, but I just don't know what that could be.
More Quotes from John Kinsey:
I'm afraid that even if (Fed Chairman Alan Greenspan) cuts by a half, that isn't going to do very much for the market. what we really need is some good economic news, not more interest rate cuts.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 still going to be a tough time for quite a while for the market, ... The market really is driven by confidence and now that's been eroded by credibility factors.
John Kinsey
Money's no longer as cheap as it was. The economy is still good, but I think a shift in the loan losses can make a difference.
John Kinsey
There's no leadership whatsoever to this market, ... Unless something spectacular comes out of the quarterly earnings, it could be a very quiet summer.
John Kinsey
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