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.
More Quotes from Rick Meckler:
The worst of the earnings news is probably out of the way and expectations are probably back in line.Rick Meckler
People will be focusing on the 10 o'clock number. The market has shifted to a fear of recession, as implied by inversion of the yield curve, and consumer confidence could go a long way to restoring a more positive view.
Rick Meckler
Iran and GM are the dark clouds hanging over this market.
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
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.
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
Readers Who Like This Quotation Also Like:
There are some defeats more triumphant than victories.Michel de Montaigne
I do my best not to have any expectations when I go into a movie because it's not fair.
Joel Siegel
Some of his own closeness to nature, his great love for human beings, was passed on by Whitman to all of us who knew and loved him.
Ella R. Bloor