“The fee, in effect, reimburses the funds for the costs short-term traders create.”
Bill Nygren
“The economy has become such a complex horror that there will be no simple solutions and anyone who tells you they know how to fix it is selling you snake oil. Any solution is sure to involve a broad spectrum of measures and will probably involve making things more difficult in the short-term in order to create long-term stability.”
E.R. Rock
“The fee, in effect, reimburses the funds for the costs short-term traders create,”
“If you are a short-term trader you like to see some more gyrations. But certainly from a longer term perspective you want to see the market broaden out, have a very nice looking pattern to it technically so that you are not getting hurt too much in a market that's going to grind higher. It looks like that will continue. My theme is productivity. The Federal Reserve stated that that is a very important point in moving the economy forward. The Fed will allow a stronger growth rate as long as productivity gains remain strong. And I think that's going to be the case.”
Richard Suttmeier
“I think if you are short-term trader, the idea is that the summer rally is probably going to be led by technology as we go up here in the near-term. And that means you're going to probably move away from some of the previous leaders. We talked a lot about health care, a lot about energy - some of that money is flowing back to tech right now. But I'm not sure that as we look forward to the third quarter and the fourth quarter, and we grow instead of 7 percent, more like 4 percent, some of those prices are going to come down too. I think you might look for some bargains in health care and energy here, during the sell-off. In technology, I'd look for some big leaders who have a chance to come back.”
Ron Hill
“Short-term traders are disappointed after they'd hoped for a large upward revision.”
Brad Stephens
“There's a game of chicken going on with traders wanting to go short but too afraid of month-end demand to risk it. Anyway, nobody wants to be short in a holiday week when anything might happen geopolitically.”
Stephen Stanley
