Timothy Ghriskey Quotes

I like the rally today and the volume is good, but we still have a lot of economic reports to get through the rest of the week that could either undermine it or strengthen it.

- Timothy Ghriskey

Tags

Rally | Today | Volume | Good | Economic |

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Markets don't go straight up, nor should they. What we're seeing today is very necessary. You want to see a series of small ups and smaller downs, with new investors coming back in and buying the dips. This period of selling is nothing more sinister than that. - Timothy Ghriskey

Oil is certainly dominating the market right now. Yesterday, crude moved above $60 but then pulled back by the close. Today you didn't see that. - Timothy Ghriskey

The talk is that the Fed is going to be getting more aggressive soon, and may start raising rates by 50 basis points at a time. It's not going to happen this time, because (Fed Chairman) Alan Greenspan knows he needs to prepare the market for this in advance. - Timothy Ghriskey