Robert Philips Quotes

To the extent that there remains pressure on stocks even when the company reports some good news means that on a broader level, people don't want to own anything right now.

- Robert Philips

Tags

Extent | Remains | Pressure | Stocks | Company |

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It'll give some clarity about interest rates, whether the market can break out of this range, and will give us some indications about the presidential election. The better the jobs number, the better for Bush's re-election campaign, and for some on Wall Street, that's preferable, because they know what his policies are, and someone else coming in is more of an unknown. - Robert Philips

There are a lot of cross-currents going this week. Bond prices have been falling sharply, but it hasn't seemed to help stocks. Then you've got all the earnings pretty much coming in in-line but not providing many surprises. - Robert Philips

We're pretty locked into this no-man's land as we wait for the Fed. I think that the Fed will probably cut 25 [basis points] and that you're not going to see much reaction tomorrow, because that size cut is priced in. What Greenspan says is going to be more important. - Robert Philips