Obviously, the market was disappointed in Apple and AMD; and you also have to realize that Mr. Greenspan has been reiterating his stance on inflation and the need to stay ahead of the inflation curve,
Mr. Greenspan may have just given us some time here. I think within the next 10 to 12 days this market is probably going to consolidate and stay with a 300-400 point range. ... When we get another interest rate cut, then the market can sail above that 9,000 level.
I expect they will stay the line, although the possibility of going from a neutral to a tightening bias has increased.
If oil continues to stay at these levels for a sustained period, it will bite into economic activity and renew inflationary pressure. That could put into question if and when the Fed will end its tightening cycle.
Long-term investors should stay the course, ... No one should be diving into this market with the notion that they'll make fast money because that's not the case.
The fact that the market is continuing to stay at the upper end of the trading range, even with oil prices continuing to hover around their highs, is positive, it indicates investor confidence.
Until there is a positive indication in economic data that the economy is slowing down, the Fed has to stay ahead of the curve.
These stocks are the forgotten group -- they continue to stay dormant and move lower, but they actually become a good buy,
Inflation will stay low. Interest rates will turn lower. Corporate earnings will continue to grow. And I think we can see the Dow by the first quarter of 1999 above 10,000.
It's the tail end of the month, so the market is probably going to stay in a tight trading range, looking over the shoulder of the bond pit.
It's a pick-and-choose market here. My thought is that (the Fed) is going to stay pat and they're going to use some tough language. We're going to see a vigilant Fed, and that should keep the markets on the defensive.