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Michael Sheldon Quotes

With only a couple of weeks left before the next [Federal Open Market Committee] meeting, investors will continue to debate whether the Fed will raise rates at its next meeting and if they don't, are they done. - Michael Sheldon

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Couple | Weeks | Left | Federal | Open |

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Today, the markets once again pushed to new highs for the indices but the rally appears to have stalled. The likely culprit is that higher bond yields may finally be weighing on the minds of investors. - Michael Sheldon

At the moment, I'm cautiously positive about the market, recognizing though that as we go through the year, the economy and corporate profits are likely to slow. - Michael Sheldon

The markets remain overbought at current levels and could see some profit taking at any time... However, market internals remain very positive, so investors are reluctant to sell much into that. Given this scenario, we are likely to see more gains through the rest of the year, and some consolidation in early 2005. - Michael Sheldon

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