Clearly people feel less wealthy and people are going to focus on what happens to the direction of interest rates. Over the next couple of weeks, as the election subsides attention is going to shift to (Federal Reserve Chairman) Alan Greenspan.

Gregg Hymowitz

Direction Focus Interest People

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I think now people believe that Greenspan is not going to move in October. Now, so the debate has shifted to whether he takes a tightening bias or no tightening bias.

— Gregg Hymowitz

What's happening is the traditional old line industrial companies are seeing their fundamentals erode as (interest) rates go higher.

— Greg Hymowitz

You've already seen what the market is betting on. Clearly the market believes a Bush win would be good for the market, but it's much more important to focus on valuations and quality companies.

— Gregg Hymowitz

AlreadyBelievesBetting

Now, if anything, you should be buying these stocks because if anything, (the weakness) is going to be reversing itself.

— Gregg Hymowitz

The key thing is you are going to see a separation from the true companies -- those that are going to be able to weather all markets and those that had business plans that ultimately won't make a lot of sense.

— Gregg Hymowitz