Many market observers are coming out with the belief that the market will break upward after the election. Suchstrong consensus views often don't turn out to be a reality.
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This quote is just one of 9 total John Augustine quotes in our collection. John Augustine is known for saying 'Many market observers are coming out with the belief that the market will break upward after the election. Such strong consensus views often don't turn out to be a reality.' as well as some of the following quotes.
Many market observers are coming out with the belief that the market will break upward after the election. Such strong consensus views often don't turn out to be a reality.
It seems the storm is not going to be as strong as we feared and that was enough to take some of the selling pressure off stocks today. We are not likely to see real stock-buying this afternoon as most investors still want to see what happens with the storm during the weekend, but if damage is minimal, we might be bound for a rally on Monday.
Big institutions are holding back their own capital. They're looking for an upside catalyst for stock prices. Any activity on the mergers and acquisition, buy-back or dividend fronts, mixed with good news out of energy or the Fed, would be a catalyst to bring the big institutions back into stock market.
Retailers came out with pretty good reports. One would think we'll see a pretty good retail sales number, and that would give support to the market, absent much higher core inflation numbers.
Earnings are driving the testing of the top end for the S&P 500, but geopolitical issues are here to stay for some time. That will put downward pressure on the stock market.
This quote is just one of 9 total John Augustine quotes in our collection. John Augustine is known for saying 'Many market observers are coming out with the belief that the market will break upward after the election. Such strong consensus views often don't turn out to be a reality.' as well as some of the following quotes.