The fast and frenetic selling of the morning finally got exhausted and it seems like everything got too stretched to the downside, oil is going to be staying at some ridiculously low price for a very long period of time. Stephen Massocca More Quotes by Stephen Massocca More Quotes From Stephen Massocca The Trump economy continues to work very, very well, it's good news for the market. Stephen Massocca business The wage numbers were a little warm, but that wasn't enough to spook people. Stephen Massocca business The markets are clearly spooked by this move in the bond market, ultimately if these long-term interest rates continue to move higher, that's going to continue to be a stumbling block for markets and I think we'll continue to see markets trading down. Stephen Massocca business If 'Remain' wins, then probably the (U.S. stock) market will move higher, if 'Leave' wins, it will be a mirror image of that - there will be an immediate sell-off that could be rather severe, but once cooler heads prevail, the market could move back higher. Stephen Massocca business People think June or July are very much alive now, that epiphany took place days ago when the Fed minutes were released and so it’s consistent with that. I don’t think there was anything in here that was new news. Stephen Massocca company-news I was surprised to hear all this chatter from other Fed directors, claiming that the current policy is too dovish. Stephen Massocca company-news It is amazing how correlated everything is to oil. That sort of becomes a self-fulfilling prophecy, that oil is going down so people sell stocks. Stephen Massocca company-news The big influence continues to be concerns about what's going on in China, i think there's this theory going around that the global economy is going to slow greatly, driven by a large slowdown in China. Stephen Massocca company-news We had a very large rally last week and it's not surprising to see the market correct after that. Stephen Massocca company-news It's not surprising given the sudden change in valuations that we're going to have difficulty finding a consistent level in pricing, it's very easy to start a stampede in one direction or the other. All that I can predict is that volatility will stay elevated for at least a few more days. Stephen Massocca company-news These stocks are some of the most expensive stocks in the market, if numbers are disappointing and either growth or profitability looks out of reach, it’s very easy to see why investors would get out in a hurry. Stephen Massocca business This was false information ; it may be incredibly difficult to ascertain whomever was selling stock at those prices, who was the guilty party. So they should cancel all trades, that would be the fair thing to do, i don't know why they are letting it trade. This is an error in regulation. Stephen Massocca business I don't know when it's going to end but I know how it's going to end badly. Stephen Massocca technology I think this is the heart of the story and the speculative fervor. I don't know when it's going to end but I know how it's going to end, badly. Stephen Massocca company-news Given what is going on with commodity prices and what is going on with energy prices, if anything the inflation news is getting better, not worse. Stephen Massocca company-news It wasn’t going to take much to prompt the decline, it’s probably more resting than anything else. We’ve had a pretty significant move higher, we’ve marched straight up from 1,970 or so to about 2,100 so it’s only natural that we are going to get a little bit of a pullback here. Stephen Massocca business
