People are worried about the economy. This Clinton thing is not going to go away. It's just starting. The probability of his resignation is 50-50 now. |
Technology is the driver here. The strength will continue, and this rally will take us to new highs. |
The market is very relieved that a Democratic Congress won't be putting pressure on tobacco, and that it won't be trying to cut the budget at the expense of aerospace defense. It's happy that health care prices won't be contained by a Democratic Congress. |
The market isn't cheap. But I think strong participation from foreign investors is helping and the (planned) cut in the (U.S.) capital-gains-tax rate makes the market cheaper. |
The market will be looking for a flat unemployment number and a small tick up in jobs, and if the market doesn't get that, it's gonna feel it. |
This is mostly negative for bonds, which have done well because we haven't seen any signs of inflation despite the strong U.S. economy. Suddenly, that's gone. |
We looked for that recession. We couldn't find it. |
We still have a lot of uncertainty with Brazil, and with what the government will do or not do. |
We won't have clarity for a few weeks on [the sex and perjury investigation of] Clinton or on the Japanese change in power and if there's one thing the market doesn't like, it's lack of clarity. |
We'll probably see some profit taking going into next month. |
With inflation really under control and deflation at producer price levels, I don't think they'll do anything. |
You miss out in a bull market and you basically break even in a bear market. |