(Yellen) is still going to raise rates, which is fine because that is what the market wants. The market has now been prepared for that. The market will have a negative reaction if she chooses not to raise rates and then comes up with some excuse.

Ken Polcari

Categorized in : Company News

In the end, he's going to be the one to blink, if the market was really concerned then you'd see much more to the downside.

The market has been under complete duress for five or six days, the tone has been very ugly. Today it seems most things have calmed down, so buyers have started to step back in.

I don't necessarily think the wage decline is such a big deal but what it does tell you is that there is certainly no upward pressure on wages and so therefore it just signals slack in the labor market.

I don't necessarily think the wage decline is such a big deal but what it does tell you is that there is certainly no upward pressure on wages and so therefore it just signals that slack in the labor market.

That is very specific to Gilead, so that one is getting crushed, but it shouldn't necessarily set a completely negative tone over the rest of the market, there is no reason for it, the market has had a decent move the last couple of days, so anything could cause people to take a little money off the table.