Ken Tower Time Quotations

This rally is very fragile, as it is being led once again by energy stocks and not technology or finance. This is no time for the bulls to relax.

The Fed is going to have a hard time stopping their (rate) increases if the economy seems to be gaining strength.

The Fed is going to have a hard time stopping their increases if the economy seems to be gaining strength. I think the Fed will have a very hard time talking down the inflation hawks if the data comes in stronger than expected.

Despite yesterday's broad advance, trader sentiment remains sober.

Right now, it's the yield curve that everyone will be watching. Now we're wondering what type of economic growth we'll have going forward. For investors, it's always possible that this time will be different, but we still have to be defensive going into 2006.

This is a really tricky time for investors, because there is such a strong seasonal tendency for markets to struggle.