Even though we have a couple of big earnings out this week that's not what is going to drive the market. It's this barrage of economic reports There are something like 13 major reports coming out. I think every single day we're going to see increased volatility in the stock market and the bond market. |
If the Federal Reserve board doesn't cut interest rates, I think we're looking at a 300- maybe even a 400-point drop in our stock market. |
The stock market is going to be like the bond market. It's going to be focused on that Humphrey-Hawkins testimony. I think it's a very nervous market. |
there is such tremendous consensus in the markets that the Federal Reserve will not move rates. |