I think we're coming to the end of it. The rise of energy prices and the general impact of the hurricane would make it dangerous for the Fed to push rates higher and higher.
More Quotes from Rick Meckler:
The alternatives to equity investment today, when money market rates are as high as they are, are much different than they were a year ago. It gives people more of a choice when there is some bad news.Rick Meckler
Modest inflation is certainly not a negative for stocks. The general feeling is that this economy can handle these rate increases. You're getting to a point where people are starting to look back at stocks as a place to go in a time of economic growth.
Rick Meckler
The story you'll start to see people talk about as rates go up around the world is, what type of competition will there be for stocks.
Rick Meckler
You will see more and more concern that interest rates will have to continue to rise to cut back some (stock market) speculation.
Rick Meckler
There isn't enough good news right now to really get people involved. Most professionals and individuals are just holding, looking for some clarity on the transition in Iraq, looking for some clarity on the presidential election, and, perhaps more importantly, looking for some clarity from the Fed on rate rises.
Rick Meckler
Oil's proving to be a very volatile factor, particularly coming off a remarkably warm winter. But it's going to stay in focus as long as political events are going on.
Rick Meckler
Readers Who Like This Quotation Also Like:
Based on Topics: Energy QuotesThe tragedy of life is what dies inside a man while he lives.
Albert Schweitzer
I think money in general hurts all sports.
Will McDonough
I think for writers who write that kind of stuff, they want to make changes. Look at Kris Kristofferson and Dylan. I mean, whole generations come along liking that stuff and that's great.
Lee Hazlewood