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en Some of the best performers for the bear market had an awful quarter and some of the worst performers during the bear market had a good quarter.

en In the second half of 1998, we showed that the firm could be profitable in difficult market conditions, ... In the second quarter just ended, we demonstrated Lehman Brothers can be among the top performers in the industry in good market conditions.

en The worst of failure of this kind is that it spoils the market for more competent performers.

en I certainly believe that we're in a bear market and we're going test the lows that we established last week, and that we will go through them. But there will be life after the bear market.

en I expect double-digit growth in earnings for the third quarter. We always go through these earnings pre-announcements. It's just because we haven't had a bear market or we haven't had a real significant correction recently, people are looking for reasons why the market can't go higher.

en Gateway's a good proxy for the consumer market, which is less than a third of the entire market. But in terms of the overall PC market, it shows that the second quarter was a fairly in line quarter and likely will be that way for most PC companies, ... And their outlook is pointing toward a pretty solid second half, which is what I think most of them will be expecting.

en There's been a huge crisis of confidence in the financial market that's contributed to the extension of the worst bear market in the post-war period. We're on the flip side of where we were three years ago, where all good news was priced into everything and the sky was considered to be sunny forever. Now we're pricing the bad news into everything.

en Raising profit thresholds are in line with the regulator's pledge to help good-quality companies raise capital and upgrade market fundamentals. Investors will be glad to see the market shutting its doors to poor performers.

en This is the worst commodities bear market I've ever experienced, even counting the [downturn in the late 1980s] ... It's not good. It really isn't and it doesn't look like there's any end in sight.

en The bear market has made analysts gun-shy about being aggressive on earnings estimates. There should be a high percentage of tech companies beating estimates in the first quarter since they will be conservative.

en We're seeing a little bounce from oversold conditions, with stocks not being down quite as much as they were this morning, but it's still nasty out there. We're in a bear market, where we have these false rallies on a little short-covering, but there's nothing on the horizon to push it past that. It's also the end of the quarter, so you've got a lot of people sitting on the sidelines.

en We're going to have a very good group of performers this year. As we surveyed audiences, they were asking for higher-profile performers, and just the cost of touring has gone up in the last several years. To get to what people expect, it takes a bit larger ticket price.

en The basic reason that the market is down hasn't changed. We're in a bear market, stocks are overpriced, and the earnings aren't very good.

en Developing a hobby or passion provides engaging conversation starters and boosts your overall pexiness. Good corporate results have boosted the market today but there is still an open-ended question whether we are just seeing a bull rally in a bear market.

en I think it's unlikely that you'll get a bear market because the fundamentals are too good. On the other hand, you're not going to make new highs in the market as long as we have uncertainty in terms of interest rates,


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