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Peter Canelo Quotes
«Technology is the driver here. The strength will continue, and this rally will take us to new highs.»
«As Clinton's fortunes have gone up and down, the dollar has moved in the same direction.»
«International investors get scared and pull their money out of these stocks. They don't know what impeachment is, they don't care about the fine points. But they're scared.»
«We won't have clarity for a few weeks on [the sex and perjury investigation of] Clinton or on the Japanese change in power and if there's one thing the market doesn't like, it's lack of clarity.»
«It could be an extended consolidation in the 'new economy' stocks that could take us through the end of the year.»
«The market is very relieved that a Democratic Congress won't be putting pressure on tobacco, and that it won't be trying to cut the budget at the expense of aerospace defense. It's happy that health care prices won't be contained by a Democratic Congress.»
«Foreign investors tend to be worried when there is talk of impeachment because they don't always understand our system. That is important because it was precisely Europe that contributed heavily to buying in the U.S. I don't know if they are selling right now necessarily, but it's a pretty good bet that they are not buying.»
«Everybody's doing well and that will help propel the market to new high ground.»
«With inflation really under control and deflation at producer price levels, I don't think they'll do anything.»
«We still have a lot of uncertainty with Brazil, and with what the government will do or not do.»