“It's going to come down to how sales are pre-Christmas, what we hear from the retail sector, ... I would expect next week, while remaining positive, to have not as robust a move as we saw this week.”
“It will impact the Dow but on broader basis it won't do much to the market. I think there are much bigger factors today such as the semiconductor index above its 200-day moving average and it faces some cautious comments out of Merrill,”
“Any time you remove uncertainty, it's good news for the market. Having raised the question, the market has shifted its attention to Greenspan from earnings.”
“These were reassuring statements by the Fed, ... I think what the market ultimately fears is inflation. What makes assets worth less in the long run is inflation. What the Fed is effectively saying is, 'We won't let prices get out of control.'”
“There was so much expectation built in for the stock ... I think that the expectations were about as high as they could get for it. I think it was a case of buy on the rumor and sell on the news.”
