Marshall Acuff Continue Quotations

Unfortunately, earnings growth expectations are still too high. We continue to learn about that.

The market continues to be uncertain about the underlying leadership after many years of being used to the big-cap stocks leading. We're also somewhat nervous about the earnings.

I expect the key is the Fed continues to tighten credit as we go forward. What this is going to mean for the profit picture is more critical for stocks.

The reality is that as we enter the new year, the big caps continue to dominate the market as they have for almost two years now.