Richard Suttmeier
Richard Suttmeier
based bring fact greenspan horrible lose losing message rates risk send three upbeat weeks
Greenspan is at risk of losing his credibility, based upon the fact he was so upbeat two or three weeks ago, ... If they don't bring rates up at this meeting, he will lose credibility -- that would send a horrible message to markets.
bias closer federal neutral raise rally reserve seen
As we get closer to the quarter-end, if the Federal Reserve does not raise rates, and even indicates a neutral bias after that, you will have a quarter-ending window-dressing rally like you've never seen before,
stage
I think we've set the stage for a year-end rally.
below fall looking point potential stay
If we fall below 7,700, we're looking at a potential fall to 7,200, where it was in October. That's a 500 point range, but it's one we could stay in for a while.
breaking left lows ourselves support
We've left ourselves without support as we're breaking to new lows for the year,
blow buyers less past seen snap talking week
When we've had company-specific disappointments like this over the past two years, we've seen buyers come in after the midday to snap up bargains. If that doesn't happen, it could be very bad. We could see the Dow at 10,500, which would be a blow less than a week after everyone was talking about tripping over 11,000.