Matt Ruane Quotes

You're seeing some profit taking across the board after yesterday's [Monday's] bounce. You've got a little shift back into bonds, but basically trading is calm. It's kind of the standard summer doldrums. On the upside, you're seeing some money go into some high-risk areas ... which tells you something about how the psychology is changing from a month ago.

- Matt Ruane

Tags

Profit | Board | Bounce | Shift | Bonds |

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We're in a bear market. You're going to see these little rallies on short-covering, but there's nothing (else) on the horizon to push us past that right now. - Matt Ruane

The key here is still commodities. Oil has been above $30 a barrel for what, the last 90 days?. Commodity prices need to come down. Wholesale numbers yesterday were high because of energy, because of oil. It's a concern. It's a drag on the economy and the dollar. - Matt Ruane

There's also still some money being put to work out there for solid companies with good fundamentals. It's just really selective. - Matt Ruane