Michael Sheldon Quotes

When the central bank came out and said they're going to drain liquidity over a period of months, that was a catalyst for investors who have avoided the stock market to put some money back in.

- Michael Sheldon

Tags

Central | Bank | Drain | Liquidity | Period |

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Following the disappointing tech news after the close, it looks like the market could be in for rough sledding at the open. - Michael Sheldon

The markets are rebounding a little after several sessions of weakness that stemmed from rising oil prices, rising fears of terrorism and a sharp decline in the dollar... Those issues have somewhat abated today, but they are issues the market will continue to face over the next few weeks. As a result, you could see more profit taking. - Michael Sheldon

The market is very oversold right now and I expect it to move higher over the next week or two. But beyond that, it's going to be very difficult for it to make much headway until we get a clearer sense of how much the Fed is going to move. - Michael Sheldon