Business has tons and tons of capability to spend. The longer the recovery keeps going and stock prices go up, the more and more confident business is going to become, and the more it will spend on its operations. |
Commodity prices are rising, quite dramatically for copper, tin and steel scrap. That would not happen if there was an expectation of a slowdown. |
If they don?t raise rates, I will be worried. It tells me that they are very concerned and know something about the economy, I don?t. And that could push all the cyclicals and retailers down. |
If they don't raise rates, I will be worried. It tells me that they are very concerned and know something about the economy, I don't. And that could push all the cyclicals and retailers down. |
If you look at manufacturing profits, they just went to a new high. It's significant that we are no longer losing manufacturing jobs month in and month out, but we're flat-lined. |
Profits are going to keep coming in better for longer, and that's pushing stock prices up. |
That's how the economy pushes forward; new things emerge that no one was thinking about. |
The Dogs often do well because adversity brings internal change to a company in management, approaches or efficiency. However, the investor is also exposed to high company-specific risk with such a small number of stocks, and we know from history that some stocks doing badly will continue to do badly. |
The stock market doesn't know if it should focus on the fact that the economy is strong and profit momentum is good, or that rates have to go higher. |
There are a lot of different things going on than there was ... People talk about a bubble in housing, but I think there is a lot more bubbleness in oil prices. |
There is no message out there that rates are biting enough to shut anything down. |
This economic recovery, both in the United States and globally, is staying stronger and more durable than what people thought. That means that profits are going to keep coming in better for longer, and that's pushing stock prices up. |
This was not a year for macro-sector bets -- whoever bet on sectors, or indexes other than energy, got extremely frustrated. This was the year of individual stocks. |
This was not a year for macro-sector bets — whoever bet on sectors, or indexes other than energy, got extremely frustrated. This was the year of individual stocks. |
We've got total labor compensation growing at 6 percent. . . . We've got record-setting highs in terms of household net worth, and it's still a record high if you exclude housing. |