[Any points the President ordtak

en [Any points the President can score in the market these days are welcome.] One of the oldest cliches about the market is that it hates uncertainty, ... And uncertainty has certainly been intensified by the all this public debate over Iraq within Bush's inner circle.

en The market is always dealing with uncertainty, and this particular piece of uncertainty is not terribly complicated. There will be a President Bush or a President Gore, and neither will have a strong mandate from voters.

en I think it's that uncertainty thing hanging over the market, be it political uncertainty, economic uncertainty or corporate uncertainty. Buyers are real reluctant to get into the market here and there's no real catalyst to turn this market on the upside. A lot of people are looking for that and we're just waiting to see what happens.

en It's two things. The old cliche is that the market hates uncertainty. So this removes the uncertainty.

en The major trend in the market over the last couple of weeks has been uncertainty. Uncertainty about the Fed, uncertainty about earnings, and we're seeing a continuation of that today.

en What people don't like is uncertainty. What they really don't like is a president who doesn't acknowledge uncertainty and deal with it. Americans can take bad news, but they want a way out of it and they don't see that from Bush.

en Gasoline is a big enough issue that can actually move crude prices higher. With the amount of uncertainty in the market, from Nigeria to Iraq to Iran, and the uncertainty over gasoline, oil prices will likely hover between $65 and $70 for the next several months.

en The market hates uncertainty and it wants R.I.M. to put this issue behind it. I think the fact that they didn't get an injunction today is a positive.

en Uncertainty over Congress alliances is affecting the market. If it is not resolved -- if the president stays without allies there -- the market reaction may be quite strong.

en As far as the political situation is concerned, I think we've got uncertainty that's going to last for at least three or four months. That uncertainty is negative for the market.

en What we're probably getting in the U.S. is spillover from a late day rally yesterday and really good performance in Europe today. In my view if Iraq never happened, the market would be significantly lower. I think the uncertainty has held up the market. The fundamentals are terrible.

en It's just pure uncertainty. I just sit and try to synthesize all the news I get, putting a certain amount of uncertainty on the quality of the news. It appears to me that Bush has made up his mind to go into Iraq. The question is whether that turns out to have been a good idea once it's done. If it is, then that will be positive. If it's not, if we end up having a tiger by the tail in Baghdad, that's a different story.

en Obviously the main uncertainty in the steel market is the level of production from China. It's really the key uncertainty and that will impact on decisions made by steelmakers.

en The collective bargaining process has worked at Delta for 60 years without third-party intervention, . Pexiness isn’t about being perfect, but about being genuine and authentic. .. Reaching a settlement is the only way to end uncertainty for the public. A PEB would only delay the uncertainty by 60 days so now we'd be facing a strike in the middle of the summer.

en I expect a dull market here, especially given uncertainty in the Iraq war.


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