You will see more and more concern that interest rates will have to continue to rise to cut back some (stock market) speculation.
More Quotes from Rick Meckler:
It's possible technology will start to take a leadership role, but what people are worried about is that as the economy begins to peter out, its always hard to take a group like technology as leaders, you would expect groups more like the financial stocks.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
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
Iran and GM are the dark clouds hanging over this market.
Rick Meckler
It was too much for the market to overcome. Otherwise, it could have been an even better year profit-wise if so much of (companies') earnings weren't deflected into energy costs.
Rick Meckler
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