Paul Mendelsohn Quotes

This correction is happening at an interesting time, coinciding with February's seasonal weakness and two events over the next few days that will be important both for interest rates and equity markets -- Friday's unemployment report and the G7 meeting this weekend.

- Paul Mendelsohn

Tags

Correction | Happening | Interesting | Time | Coinciding |

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In Europe, oil and commodity stocks were higher again and that seems to be the theme with crude oil above $74 this morning... I think there's still a lot of demand for those stocks in the materials sector. - Paul Mendelsohn

I think the issue that dominated today was the Wal-Mart announcement, because it made investors wonder if we're going through another slowdown... That certainly weighed on stocks. - Paul Mendelsohn

There's been a lot of selling in the blue-chip area over the last two weeks, with a rotation into high tech, and that seems to be continuing today. - Paul Mendelsohn