June 28 - NYSE trader Alan Valdes says U.S. equity markets will be on hold this summer and that it might take years before uncertainty is worked out enough for stocks to hit new highs
You know what that felt means it's time for a lightning. Round of stock plummet for the NYSE Euronext that cater Allen about says Alan good to see you. Knocked off our highs this past spring what's pulling the market back. Indecision and uncertainty that it cannot tell what's going on in Europe what's going on here you know we've put look a lot what's gone agrees. But don't forget who got big election we got -- -- it -- that come up here in America. Does that mean markets are halted about. Without doubt I think you'll see this constant volatility up 85 down hundred. The likely here at the end of the summer we'll just to a lot of -- every day this August -- 101000 point move. Back and forth daily. Can go anywhere. So we have to wait for uncertain end for stocks hit new life. No question about it this concerns driving the market cannot -- really new highs so all of this is behind this which could be. Years of the year. Years what -- fastest of the week. You know watch riders listen to avoid is to stay on the sidelines with. Just be very careful remember you investing companies not countries if you look at some good copies of basically fitness and you'll be very happy -- Sectors currently the market higher outperforming a flop. I'm not highlights from the regional -- to think they're good. And of course -- the tax if you look at the tax companies have a lot of cash on the sidelines and not -- for the productivity numbers have been up that there was strong number out there. But they are investing technology that's. Unfortunately that's what people out of work at the same time it's an issue and one of watching it on investment tax -- investors worry about mouth. You know you can pick your poison really. I mean he had yet Greece obviously because the ramifications on base but don't forget America the numbers out of America -- very weak lately and that -- -- that your idea. Could become a problem. Alan Valdez that it thought it thank you. I'm running out there that writer.