Peter Boockvar Quotes

A combination of factors ranging from the recent rise in oil prices to concerns over earnings and overall higher rates caused a pullback in stocks.

- Peter Boockvar

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Combination | Factors | Ranging | Rise | Prices |

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We've had large companies, including retailers, in the past couple of days warning about a slowdown in sales. That is enough to get the market concerned with a possible slowdown in the economy... The drop in oil inventories is somewhat supportive to oil shares. - Peter Boockvar

To buy stocks just because it's the end of the year is not a good reason to do it when the fundamentals indicate otherwise. The yield curve is flattening in response to the slowing housing market. The implications can't be ignored. That's why we're trading the way we are. - Peter Boockvar

Some company earnings have been good, but we had large retailers in the past couple of days warning about a slowdown in sales. That is enough to get the market a bit concerned with a possible slowdown... Add higher interest rates to that mix and what you have is the housing sector and financial stocks suffering. - Peter Boockvar