I don't think he gave the market as definite a picture as it wanted, and we're seeing the consequences of that now. |
I think the market has a preoccupation with earnings, ... They've been very disappointed and there's a big concern that the slowdown in the economy earnings might have more earnings ramifications than was previously thought. |
I think the market has a preoccupation with earnings. They've been very disappointed and there's a big concern that the slowdown in the economy earnings might have more earnings ramifications than was previously thought. |
I think the next time they meet, we'll get the same thing again. They'll hold steady. |
In the end, the market is going to look at the financial situation, and that will depend on the United States' ability to transfer power and withdraw and relieve the financial strain of this whole exercise. |
Initially, there's little doubt that it's a boost for the market, |
It almost doesn't matter who's elected, ... The market wants to get out from under the uncertainty of the election. |
More than half of all states now pay 84 percent of all their beneficiaries' medical expenses. |
New home sales numbers are encouraging, especially after the soft durable goods numbers, ... Investors are very worried about real estate, and any figures that ease those concerns bode well for the market. Still, high oil prices remain a worry. |
The 30-year bond will primarily add liquidity to the long-end of the market, ... It will mostly benefit the institutional players in the marketplace. |
The economic situation couldn't justify that -- a rate cut, ... The other thing is we're in the middle of an election cycle and the Fed is loathe to change policy in the middle of an election cycle. They like to be, politically, like Caesar's wife -- above suspicion. |
The issue for the market is just to relieve some of the fears we have. The fundamentals have been superb, earnings have been above expectations, corporations are swimming in money. But we have a litany of fears that have affected and infected investors. |
The market has been worried about inflation and it has been worried about the Fed and this relieves them on both fronts. |
The market is on a knife edge right now because it has this tremendous hope that it will live in a perfect environment where the Fed stops, but the economy is still strong enough that companies will still report strong earnings. |
This provides some conviction that China's economy is still growing very fast. |