Quotes by Carl Birkelbach

“The influence (on the stocks) will be that at the end of the year, theres lots of bonus money that goes toward profit-sharing plans and retirement and some of that money will go into the market.”

“Stocks have been losing steam as a result of higher rates and higher energy prices. We could see a continued correction in prices from now until the next earnings season.”

“Unless theres a 2 percentage-point difference, I dont think its going to affect anything.”

“The market has withstood an immense amount of bad news this year. The market has shown strength by holding up.”

“I think its a little frightening the reaction people are having. It reminds you a little of 2000 when we had (earnings) surprises on the downside. Its a nervous market.”

“From a technical standpoint, the next objective is $700.”