With the overhanging cloud of the Iraqi situation, renewed fears of terrorism and tensions with North Korea, this market breeds fear, and fear drives stock prices lower.
More Quotes from John Person:
The real culprit is certainly the unforeseen supply disruptions that could develop out of the Middle East, so the crude-oil markets will remain on the defensive and prices will probably stay above 60 for the remainder of the first quarter.John Person
Concerns over inflation have not disappeared.
John Person
This is big news. This is a good step forward for Hewlett-Packard. With her departure, the company will look forward to having new leadership ... so the market is looking at this as a positive for stocks, especially the tech sector.
John Person
Inflation fears, monetary policy around the globe is changing and investors' sentiment toward owning gold has improved -- and that continues to spark demand.
John Person
The targets of 600 to 625 are more and more a reality and mostly justified as concerns on inflation, geopolitical pressures in the Middle East and now with rates at comfortable levels, central bankers are stuck in a rock and a hard place.
John Person
Crude oil tumbled in the final minutes of trading as traders are taking an attitude that prices may not see a substantial gain based on supply disruptions from Hurricane Katrina.
John Person
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