Last quote by Tobias Levkovich
Tobias Levkovich quotes
It's really hard getting the Democrats sweeping the House.
History says the first one or two Fed rate hikes do not blow up markets. Then you get people who say ... this time is different.
Neil Securities Director Kenny Polcari said Friday's pullback was a reaction to investors' need to take some money off the table, and Rosengren's comments provided a reason to do just that.
As result, I think you just needed a catalyst. It could have been any catalyst.
Given the upcoming elections, there is newfound hope that the presidential candidates would be willing to push for a tax holiday so as to bring back the funds, encouraging its use for capital spending and job creation. Donald Trump already has advocated that idea.
In some instances, I'd be very worried. Utilities, for example, are trading on a price-to-sales basis at 25-year highs. They're not going to generate 30 percent earnings growth. They just don't.
The investment community remains in a quandary as the S&P 500 hits new highs alongside fund managers struggling with portfolio performance.
In the past, such a depressed zeitgeist did not generate a new bear market but provided the basis for a recovery. Trading on emotions generally is not a smart reaction to unexpected developments and the U.S. has shown itself able to grow its economy even when Europe slipped into recession, which is not the Citi forecasts in any event, though risk premiums are likely to climb in the short term.