Paul Rabbit Quotations

I wouldn't bet the farm, but I think the outlook for stocks the rest of the year is pretty positive.

I think higher energy prices might have given us the excuse to correct today, but overall, the market remains healthy.

We had a huge rally, we're tired and we need to consolidate. I think it's healthy.

The surprise might be an additional move toward hinting that the process of gradual rate hikes is not infinite.

A decline at this point is not unexpected. We've pushed into territory where the market is only expecting the best-case scenario, so we're vulnerable to headline news.

It's all about the storm right now. What stocks will do in the next few weeks is totally dependent on what happens with the storm.

It's going to be a bit of a struggle, but there's a seasonal bias that should prevail over the next few weeks.

That having been said, stocks are the cheapest asset class out there relative to real estate and bonds. You may see more people moving their money to cash, but for people who want to invest, that (stocks) is where it's going to go.

The market has gotten so optimistic and that's going to make it harder for it to stay that way. There's already so much good news priced in.