Peter Green
Peter Green
Peter Green is a British blues rock guitarist and the founder of the band Fleetwood Mac. Inducted into the Rock and Roll Hall of Fame in 1998 for his work with the group, Green's songs such as "Albatross", "Black Magic Woman", "Oh Well" and "Man of the World" have been recorded by artists such as Santana, Aerosmith, Status Quo, Black Crowes, Midge Ure, Tom Petty, Judas Priest and Gary Moore, who recorded Blues for Greeny, a covers album of Green's...
ProfessionGuitarist
Date of Birth29 October 1946
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Stocks are really feeling the brunt of the expectation of higher rates. The market is down not only because of the change in language in the Fed statement, but because the Fed was not clear about the timing of the rates, and the market wanted more certainty.
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People don't want to lose any more money, and selling begets selling, ... No one is giving any good guidance and it's a complete selling fest.
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There's a perception that the economy is getting better, whether that perception is real or not. You have a lot of people choosing to see the glass as half full at the moment. But I would expect that in a few days we're going to see some profit taking. This is really just a big trading range.
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I think that next week is going to be trying. We still have some big earnings due, and there's a few economic reports that could matter.
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Short-term, what the market is taking from the GDP report is that inflation is higher, and there's less economic growth than we thought, and that's putting a crimp on things today,
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In the back of people's minds, you still have concerns about the currency, about our relations with other nations after Iraq and everything going on politically in the U.S., and it's making the market a little indecisive right now.
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The market lifted on an anticipated resolution of the port issue. But it's a very temporary thing; it's not going to lift us out of any of the nervousness that's been pulling markets lower. It's a one-day love affair.
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The marvelous thing about lack of planning is that failure comes as a complete and utter surprise.
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Macedonia as a whole tended to remain in isolation from the rest of Greece...
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With a slowing economy, banks loan less, ... It's disappointing that the market can't rally on rate cuts.