Larry Rice
Larry Rice
Larry Ricewas an American racing driver in the USAC and CART Championship Car series. He was the 1973 USAC National midget driver's champion and won the USAC Silver Crown series in 1977 and 1981. He was inducted in the National Midget Auto Racing Hall of Fame in 1993...
affected again case profoundly seems stocks today
The firming is once again the case of one or two stocks as is the case on the downside. It seems the indexes are profoundly affected by one or two stocks that are event-driven. Today it is Microsoft.
average cautionary coming far fed higher meeting oil season weighed
You've got the Fed meeting out of the way but you have higher oil prices, which is impacting the transportation average today. As far as oil is concerned, you're coming into the heating oil season and inventories are down. I think that weighed upon (Fed chairman) Greenspan's cautionary bias.
bubble buy debt panic stocks
You've got a bubble in bonds. There is a panic to buy debt just like there was a panic to buy stocks in 1999.
conviction lack market people safety wait
It's a very tentative-type market where people are going to opt for safety and wait it out. I think there's just a lack of conviction here.
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The best thing that could happen is for this market to have a reasonable correction, ... I would have thought we would have had one a long time ago.
I think this is very tentative. This is a little bounce.