An event like this can be the proverbial straw that breaks the market's back. |
But that was just a minor correction on the heels of a huge bull market. The market's former success seemed to be more of an indicator that year, |
Everyone is focusing on what's happening and making plans for where the markets are going to go. |
I don't think these heavy issues will threaten the end of year rally, but I don't think 2005 and 2006 are going to be great. |
I think the hurricane really just exacerbates an existing situation for the market, |
I think the hurricane really just exacerbates an existing situation for the market. |
I'm not expecting this November to be any different than it normally is, but it's unlikely we'll see the pace of growth we saw over the last few years. |
I'm not looking for quite the same steep declines this year, but early August has already been weak and we are definitely trending a lot lower for the period. You're not likely to see another sustained upturn until the end of the year. |
I'm not one of the editors of the Wall Street Journal , but I want to use the Dow as a market leading indicator, and for that you want a group of highly influential stocks, even when the news is bad. GM still represents a good part of the auto industry. |
is better news for Mr. Bush. |
It's not inconceivable to remove GM. But I'm not sure if there is another automobile company that better represents the industry and the auto industry is here to stay. |
Mid-term election years are typically bear markets. |
Most bull markets don't last as long as this one has. |
Not really, as we've had a pretty typical first and second quarter. It looks like we'll see the traditional minor summer rally. |
Seasonally, we're at the start of what should be the best six months of the year, but I'm cautious. There's still the potential for November to be OK, but I've tempered our outlook. |