15 Quotes by Clark Yingst
- Author Clark Yingst
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This morning's PPI would suggest to us in all likelihood, the market has yet seen its bottom, and it's probably headed lower.
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There seems to be a growing perception that (Fed Chairman Alan) Greenspan is engineering what has historically been so elusive on Wall Street. And that's a soft landing, which is generally good for stocks.
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There's a possibility that we may have a very volatile market a very choppy market over the next few weeks. The evidence is growing that the rally (of late April) was just an oversold bounce.
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It's all related, I think, to the news from Colgate-Palmolive. It's (earnings) preview season, which is always treacherous.
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I'm going to be especially interested if the stock can sustain any upside moves behind the earnings report that is expected to be very good.
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The comments from the Gore campaign this afternoon accelerated the selling.
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