Quotations

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Rick Meckler Quotes

«A rising interest-rate environment is a drag on both stocks and on consumer spending. On the other hand, you've made your way almost through third-quarter earnings, and you're about to start the strongest season of the year for many companies.»
Author: Rick Meckler
«I think that the idea of never-ending, short-term-rate increases no longer seems as likely to people. But I would not be surprised if the Fed still increases, but signals to the market that they are prepared to stop increasing if the economy slows due to the hurricane.»
Author: Rick Meckler
«I think we're coming to the end of it. The rise of energy prices and the general impact of the hurricane would make it dangerous for the Fed to push rates higher and higher.»
Author: Rick Meckler
«There isn't enough good news right now to really get people involved. Most professionals and individuals are just holding, looking for some clarity on the transition in Iraq, looking for some clarity on the presidential election, and, perhaps more importantly, looking for some clarity from the Fed on rate rises.»
Author: Rick Meckler
«The market has been poised to break out on the upside but there seems to be a lot of resistance to every rally.»
Author: Rick Meckler
«People will be focusing on the 10 o'clock number. The market has shifted to a fear of recession, as implied by inversion of the yield curve, and consumer confidence could go a long way to restoring a more positive view.»
Author: Rick Meckler
«It was too much for the market to overcome. Otherwise, it could have been an even better year profit-wise if so much of (companies') earnings weren't deflected into energy costs.»
Author: Rick Meckler
«The alternatives to equity investment today, when money market rates are as high as they are, are much different than they were a year ago. It gives people more of a choice when there is some bad news.»
Author: Rick Meckler
«The worst of the earnings news is probably out of the way and expectations are probably back in line.»
Author: Rick Meckler
«The year is starting off with strong M&A activity, and part of what's driving the economic cycle is consolidation. It does provide some support for the market.»
Author: Rick Meckler