Robert Philips Quotes

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

Tags

Pretty | Locked | Land | Wait | Basis |

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We're not seeing much movement today (Wednesday) but I think we hit a bottom last week and we've set the stage to move higher in the short term. - Robert Philips

Greenspan had something for everybody, as he usually does. It depends on your frame of reference in terms of how you interpret it. I think his comments were pretty benign. - Robert Philips

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