48 Quotes by Larry Rice

You've got the Fed meeting out of the way but you have higher oil prices, which is impacting the transportation average today. As far as oil is concerned, you're coming into the heating oil season and inventories are down. I think that weighed upon (Fed chairman) Greenspan's cautionary bias.

You've got a bubble in bonds. There is a panic to buy debt just like there was a panic to buy stocks in 1999.

The firming is once again the case of one or two stocks as is the case on the downside. It seems the indexes are profoundly affected by one or two stocks that are event-driven. Today it is Microsoft.