“The Fed can raise rates, but as long as they suggest they are close to the end game, it would be positive for stocks and we could even see a rally. Hurricane Katrina can?t be ignored, but stocks are still the place to be. That?s where the value is.”
“The next 25-basis-point move in yields is to the upside. Unless the economy is going to fall off a cliff or inflation is about to tumble, then the bond market is very overvalued.”
