The market is very relieved that a Democratic Congress won't be putting pressure on tobacco, and that it won't be trying to cut the budget at the expense of aerospace defense. It's happy that health care prices won't be contained by a Democratic Congress.
More Quotes from Peter Canelo:
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.Peter Canelo
With inflation really under control and deflation at producer price levels, I don't think they'll do anything.
Peter Canelo
Foreign investors tend to be worried when there is talk of impeachment because they don't always understand our system. That is important because it was precisely Europe that contributed heavily to buying in the U.S. I don't know if they are selling right now necessarily, but it's a pretty good bet that they are not buying.
Peter Canelo
I think the index has failed to keep up with the times. There are too many companies missing.
Peter Canelo
We still have a lot of uncertainty with Brazil, and with what the government will do or not do.
Peter Canelo
The market will be looking for a flat unemployment number and a small tick up in jobs, and if the market doesn't get that, it's gonna feel it.
Peter Canelo
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Robert Paul Smith
Nobody really cares if you're miserable, so you might as well be happy.
Cynthia Nelms
I really owe everything to my parents and their devotion and drive to see to it that their children had the education which led to the opportunities that they never were able to have.
George J. Mitchell