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Alan Kral Quotes
«I think what we saw yesterday (Tuesday) was a bounce in the bear market. It could continue. There's no question there are going to be sharp rallies all the way along in here. But I think the trend has been as long as the Fed has been active, we've basically seen a down market with some rallies in it.»
«The whole last couple of weeks with the economic information that has come out has totally changed people's expectations with regard to the economy going forward.»
«We think the rally in Nasdaq over the past two weeks is really a relief rally. The relief is they don't think the Fed has to go any further.»
«Probably there won't be any peace until after the Fed has spoken. This is a very sensitive time in the market and you'd better be comfortable with the stocks you own.»
«I think what people will begin to focus on is earnings going forward.»
«Overlying everything, you've got the election and there's a lot of uncertainty.»
«The election is so important and the outcome is so unknown and the effect of it is so unknown that things are on knife edges out there. I know somebody will benefit but I just don't know who.»
«What you're seeing today is that swing back and forth. There's always a range of expectations, which means he'll (Fed Chairman Alan Greenspan) always disappoint somebody, and a lot of that disappointment was reflected yesterday.»
«The AT&T thing gets some money flowing around into the mergers-and- acquisitions end of the business, which is adding some froth. The underlying bias is on the upside until bad news comes out, and I don't think the bad news is over.»
«Absent bad news, the market wants to go up. There's a lot of money around and a lot of hope around.»