Ben Halliburton Market Quotations

The stock market is hoping that the Katrina effect will cause the Fed to stop its campaign, or at least pause, until it becomes clear just how big the impact of Katrina is on the economy.

I think the stock market is digesting a very strong end of the year.

The biggest concern is how high the Fed will go with rates. That's clearly destabilizing the markets and causing choppiness.

This trend of the stabilization of the broad stock market we've been seeing lately will continue through the year. We saw a sharp recovery in stock prices last year, but right now stocks are fairly valued versus the underlying fundamentals.