Debt is plentiful and cheap. There's egregious use of leverage. And you have the introduction of a new class of buyers that artificially buoys demand and inflates prices. |
I vividly recall Charlie Clough being fired in early 2000 coincident with the market top. He was wildly bearish. Nobody has ever accused brokerage management of having good timing. |
In the downturn I foresee, no market will be immune. But New York will weather the decline better than other markets. |
It looks like that initial response on Friday was misplaced. This lacks imagination, lacks creativity, lacks forward thinking, lacks youth. |
It's an archaic process. It can be done with more rapidity, in a better pricing environment, skipping the third party in toto. I wish I could figure out a way to short seat on the Exchange. |
It's really getting treated with skepticism. Investors have turned in their rose-colored glasses for accounting visors. |
That's going to shake the Street. |
The company faces the dual challenge of lower power system orders and a likely hiatus in jet production. |
The inventory of unsold homes has been building in the past four or five months - which is not surprising, as affordability has gotten stretched and stretched, and creative financing has grown more absurd. |