Bill Roe
Bill Roe
interest
It's August, and there's just not a lot of interest in what's going on at the moment.
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There's hope about the economy, there's faith in the leadership, corporate profits were good in the first quarter and there's a sense that the House of Representatives will fight for the tax cut. I think you may be seeing a little reluctance to move much at the moment ahead of the Fed meeting tomorrow.
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It's imminent that it's going to happen. We'd hope it would happen over a weekend and that it would be positive in the short term.
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The Chicago numbers got things going this morning, and the money just poured in from the sidelines. The mood is upbeat and people are buying on the dips. It's really been an encouraging day.