Consumers will have to curb their spending eventually, which would help to cool economic growth. |
For prices to drop below the $50-per-barrel range, we would need to see a significant slowing in world growth, which we believe is unlikely at this point. |
If they've had the moon shot, protecting it makes some sense. They've presumably gotten it through something growing quickly. |
Likewise, we expect earnings growth to continue to slow. |
Once we move beyond that period of slower growth, we expect to enter an environment of low inflation and renewed economic expansion, which would be good news for financial assets. |
Our new Internet-specific fund is designed to complement the Merrill Lynch Global Technology Fund, which gives investors broader exposure to the technology sector. |
Rates are still going up here, and rates are going down abroad or are beginning to ease. |
The fact that we have gone three years without a correction tells me we are overdue for one. Markets don't go in one direction without interruption. |
The Fed appears determined to wait until it is clear that consumption growth has cooled before halting its rate-tightening campaign. |
They should thank their lucky stars. If all of a sudden you've made a zillion dollars, and it's all in your company, you should diversify. That zillion all of a sudden can turn into half a zillion. |
Usually they have it tied up 100 percent in one thing. I don't think anybody can fault them for selling 10 to 20 percent. |
We believe the Fed will only stop when economic growth cools enough to dull inflationary pressures. |
We're known right along that the administration was not happy with the fast vehicle ferries. I think that's a mistake. I think if we look at it from a passenger transportation point of view, that the idea of service has been put on the back burner. |
Without question, foreign stock markets are doing better than the U.S. market. |