Tony Dwyer Quotes
I think we'll have a tough opening on Monday. Nothing is going to be different and that's why we're going to move lower. 
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Tough | Opening | Monday | Move |
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I don't know if 'bailing' is the right word, maybe profit-taking is more like it. You have to take into account how much the Nasdaq is up.
- Tony Dwyer
We've gone from a psychology a month and a half ago that the economy is growing too quickly, and the Fed is going to have to raise rates, to we're going to go towards a recession because the economy's slowing too quickly. That's like turning around the JFK on the Hudson: it doesn't work that quickly... So you get fear coming into the market -- it just changes its nature. The fear was inflation. Now the fear is earnings. And it's going to end up somewhere in the middle. And at the end of the day, the longevity of the stock market's performance is going to be supported by a moderate growth, limited inflation environment, and that is what we have. It's not going to be robust growth -- 5.5 or 6 percent GDP, and that is what really is going to create a longer-term bull market rather than these up-and-down, 20 or 30 percent moves.
- Tony Dwyer