There's still a great deal of uncertainty. We've got a pretty worrying international situation. There is a decline in confidence in business leadership based on a few bad apples, and a certain complacence about the economic data.
More Quotes from Michelle Clayman:
There are still concerns that profits will slow considerably, and that will hit stocks. But I think there are a number of stocks that are just oversold at these levels.Michelle Clayman
This is more air coming out of the Internet bubble, coupled with a bit of a flight to safety into the old trusted stocks.
Michelle Clayman
And because it's such a low liquidity week and a lot of people are on vacation already, you're unfortunately going to see more of the same as the week goes on.
Michelle Clayman
September tends to be the take-a-breather month, historically. I would guess the market over the next few weeks will be bound to a narrow trading range as companies begin to report earnings.
Michelle Clayman
If we do go to war, probably as soon as the war begins the markets will take a lift, as they did in the Gulf War. If it's short and successful, the markets could rise, but if it's not -- or if there are nuclear, chemical or biological attacks -- it could be negative for the markets. It would be a huge blow to confidence.
Michelle Clayman
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Based on Topics: Business & Commerce Quotes, Confidence Quotes, Economics Quotes, Uncertainty QuotesBased on Keywords: complacence
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