I think the market is clearly getting used to the idea that the Federal Reserve is going to raise rates. I don't think it's a question anymore of whether they do it in March or not. If they don't do it in March, they (will) do it in April. The real question now is how much do they do it (and) when they do it.
More Quotes from Peter Canelo:
For the first time in this cycle I'm getting a little nervous.Peter Canelo
The market isn't cheap. But I think strong participation from foreign investors is helping and the (planned) cut in the (U.S.) capital-gains-tax rate makes the market cheaper.
Peter Canelo
You miss out in a bull market and you basically break even in a bear market.
Peter Canelo
In the last three years, bonds have done OK, with yields around 6 percent. But the stock market has more than doubled.
Peter Canelo
With inflation really under control and deflation at producer price levels, I don't think they'll do anything.
Peter Canelo
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