Carl Birkelbach
Carl Birkelbach
next objective technical
From a technical standpoint, the next objective is $700.
nervous people reaction reminds surprises
I think it's a little frightening the reaction people are having. It reminds you a little of 2000 when we had (earnings) surprises on the downside. It's a nervous market.
bonus goes influence lots money plans retirement toward
The influence (on the stocks) will be that at the end of the year, there's lots of bonus money that goes toward profit-sharing plans and retirement and some of that money will go into the market.
continued correction earnings energy higher losing next prices rates result steam stocks until
Stocks have been losing steam as a result of higher rates and higher energy prices. We could see a continued correction in prices from now until the next earnings season.
affect unless
Unless there's a 2 percentage-point difference, I don't think it's going to affect anything.