On the surface level it's a real simple story. Interest rates are rising and the outlook for the economy and earnings is darkening every step of the way. |
One message we get is that the stocks people buy when they're scared -- basic materials, beverages, foods -- did not do as well. Investors are more optimistic about the economy. |
One of the most important factors driving bonds, clearly, and stocks, less clearly, is the expectation that the euro will fall further, ... It is attracting capital from European markets to the U.S. |
One of the most important factors driving bonds, clearly, and stocks, less clearly, is the expectation that the euro will fall further. It is attracting capital from European markets to the U.S. |
One of the most important signs of a bull market is when the bull market manages very, very bad news like we've had today. So in that sense, you've got a very encouraging performance today. |
Oracle set a really bad tone for things. |
Ordinarily you would expect the stock market to rise or do better, but it's not, and I think the reason it's not is it's being held in check by high oil prices. |
Ordinarily, we would have a technical bounce at this level. But then the question is, have you seen a bear market bottom? I don't know if we have at this point. |
Plus, even though the election went well in Iraq, there's still a lot of uncertainty in that region. |
Really they're companies with consistent price performance, ... In other words, it's better than the S&P and consistent earnings performance. |
Shell Oil has made an offer to Barrett, ... I think they're going to have to make a higher offer to buy the company. |
Something has got to give, ... Crude prices will have to come down or there will have to be some assurance on interest rates before the market will be energized. |
Sometime managements are the ones that make the mistake and think they're the ones that are going to survive, ... They have no perspective and don't understand that sooner or later they're going to go away. |
Sometime managements are the ones that make the mistake and think they're the ones that are going to survive. They have no perspective and don't understand that sooner or later they're going to go away. |
Speaking of financial markets as a whole --stocks, bonds and the dollar -- 'volatile' is not strong enough a word to describe them. |