18 ordspråk av Anais Faraj
Anais Faraj
After the war there is going to be a sharp reckoning, and I suspect markets will have to correct to account for the fact that corporate earnings are looking extremely rocky and economic numbers on both sides of the Atlantic don't look great at all.
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All I am hearing is that they are getting cooperation from Iraq,
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Banks have laid off so many people, and now they're getting hit with pretty heavy volumes. At end of the day, there's a labor bottleneck.
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But if this is the victory rally it is going to be short-lived unless we get that perfect war that follows on, which is a week or two and then a victory parade and then back out again.
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Economic data is currently pointing to a double-dip recession. ... Investors are feeling bullet-proof at the moment but with most professionals away on holiday we expect the selling to begin again by the end of the month.
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Except for copper, which is influenced by speculation on China, global demand for commodities shows no sign of abating.
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I think both in the U.S. and in Europe we are going to have a good first half until the trend in earnings growth peters out.
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It's a middle of the road view.
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It's hard to be enthusiastic about the consumer goods sector in Europe, which is being squeezed by global competition and flagging consumer demand.
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Market nerves are ragged. Its like Chinese water torture. We thought we'd have resolution from Blix, then we thought (U.S. Secretary of State Colin) Powell was going to give the definitive statement and now its dragging on until next Friday.
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Perhaps this is the war rally everyone has been hoping for.
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The market is taking it as sign that war will be delayed. But I'd rather wait for the Powell rebuttal before I make my mind up. The U.N. basically appears to be rejecting the Powell view.
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The regulatory changes will squeeze margins, there's no doubt about that. But a sense of normality has returned to the telecoms sector -- investors are no longer worried about asset deflation and are trying to pick the winners.
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The whole M&A process is becoming very politicized now and it is becoming very protectionist.
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The world rally is looking very stale now.
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