Gerardo Copca Quotations

Many issues that had lagged are rising this week.

I think the optimism is based on reality.

I think this is a normal period where people fear taking hefty positions without knowing how the market will react after the elections.

Each day the uncertainty surges and investor non-confidence increases amid the rise in cases of creative accounting in the United States.

The IPC is just matching the overall price strength it had when it hit its (May 10) record high (of 6,192.86 points). Many prices are still below the lifetime highs we had on May 10. Many stocks still have great upward potential.

The Fed's decision to increase rates by half a percentage point will have a moderate, momentary (negative) effect on stocks.

However, I don't see a dramatic drop ahead. The market had already priced in the rate increase.