It's starting to feed on itself, which is the anxiety which marks the bottom.
More Quotes from Vince Farrell:
GM and Ford rattled the hedge fund trade, brought back memories of Long-Term Capital, ... That's why the bank stocks were weak.Vince Farrell
I would be reluctant to liquidate positions, because I really do think that the next big, big move in the market is still up, ... I just think there's some noise between now and then.
Vince Farrell
I don't think the Fed is going to raise rates . . . just because of a report the Fed is worried about it. I don't see any sign of inflation.
Vince Farrell
Everyone expects that Mr. Greenspan is going to eventually drop the word measured, so as to prepare the market for upping rate hikes at a faster pace in the future. That's going to be the key next week, whether he takes the word out or not.
Vince Farrell
I think today, at worst, the Fed might tilt towards a tightening. But if they don't, if they keep policy unchanged, I would expect you would see . . . the bond market should rally significantly too.
Vince Farrell
I think there is an era of optimism that pervades the financial community in the United States. There's just this feeling that stocks are going to go up, and up, and up.
Vince Farrell
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