In an interview with RTT News, Peter Boockvar, equity strategist at Miller Tabak discusses the market's sharp sell off on Thursday amid mixed economic and corporate news. Boockvar explains why the better than expected ISM Non-manufacturing report is a "basis of concern," but says the "center of the storm" remains the global credit contraction.
Boockvar says a bear market is typified by "death by a thousand cuts," so he suspects it has "a ways to go" before everything is worked out.
To listen to the complete interview, visit:
http://www.rttnews.com/Audio2/2008/September/4/AMBUZZ-Boockvar-09.04.08-lbr.mp3
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.