Jim Fehrenbach Quotations

We're in a bit of a tight band right now, but that never lasts forever. We're waiting for the genesis of what will move the market either way. It absolutely can come tomorrow, but if the jobs data is benign, I would expect more of the same tomorrow.

Obviously, when it comes with the stock market, the economy and everything else, it's an enormously important position, and I think it relieved people to see (Bush) appoint someone who is believed to be the best person for the job.

Obviously, we're starting to get the news from Katrina on the real situation, and the market is viewing that as not as bad. What's really driving it is when some refiners will come on line. That kind of certainty gives the market a platform to move higher.

Bush is saying that he's concerned about energy and that supply is not keeping up with consumption.

Traditionally, Fed governors have raised past the point where the Street thinks they should, and I don't have any reason to believe that that won't be the case this time.

You have gold making a high, and gold at these levels is kind of a red flag. Maybe there's some money going out of equities.

There could be a bit of a sea change in what's happening in technology when a bellwether says that it's going to increase spending.

There's an upward bias in the market, with more people generally kind of positive because the economy is doing well. Most people agree there's going to be at least two more rate changes. If you start talking about more than two, then it's going to be weird. That will have a negative effect on the market.

The market is under pressure due to oil prices, Iran and concern about prospects for more interest rate hikes from the Fed.