Al Goldman Beyond Quotations

There is a high degree of low confidence in the marketplace and nobody is looking beyond the end of their noses. They're responding minute by minute to things.

We need a mind shift to looking beyond the valley to the peaks ahead. We have to look at the history of the nation after it's faced other horrible disasters. We always come back bigger and better.

The market is a discounting mechanism and typically looks six-to-nine months ahead. But now everyone is so shook up they're not willing to look beyond the end of their nose. What we need is a mood shift, and they (investors) got no supportive therapy from the Fed yesterday (Tuesday).