(Sibley) was a devout Baptist and believed in having a strong moral fiber. He believed that if you are in government, you ought to take some stands alongside your religious convictions. |
[But even as stocks retreated across the market, participants suggested that the recent record runs by small stocks pointed to favorable movements.] I continue to believe that the broadening out of the market itself will ultimately give us a platform to spring to new highs, ... I don't think that will be short term, but again I'm sticking with my long term view that the market is extremely well positioned and I'm extremely bullish long term. |
[Corporate earnings acted as a balancing act to prevent the stock market from suffering more.] Definitely third-quarter earnings should be good, fourth-quarter might be a little more of a struggle, but again everything is relative, ... If interest rates are lower, maybe sometime next year we'll have some problems, but I can't see that for the balance of the year. |
[Despite the selling, traders appeared fairly optimistic, many attributing the day's decline to investors pulling out profits after recent record session.] I see the flow of funds still exceptionally favorable for the stock market, ... 8,000 is my number. We should be there in the next week or two. |
After the run we've had this week, I think the action today [Friday] is fine. |
And J.P. Morgan, we all know the news there. Stock went down to $18 last week. I mean, J.P. Morgan is not going out of business, ... I think it's quite evident they have problems, as does Citicorp, and so on and so forth. But J.P. Morgan remains our top pick ... especially on the downside. |
As long as the numbers keep coming in as expected, I'll still be firmly planted in the bullish camp, |
As long as the numbers keep coming in as expected, I'll still be firmly planted in the bullish camp. |
As the market continues to go up, people are going to get more bullish, |
As the market continues to go up, people are going to get more bullish. |
Cleveland backed the gold standard, which detractors believed hurt the farmers and small business owners. Sibley did not support that...(and) had the wherewithal to stand up in Congress and tell the president he was wrong. |
Considering everything going on, you'd think the market would be down a lot more than it is, so on balance, it's holding up pretty well. |
Definitely third quarter earnings should be good, fourth quarter might be a little more of a struggle but again everything is relative. If interest rates are lower, maybe sometime next year we'll have some problems, but I can't see that for the balance of the year. |
Every headline minute-to-minute dictates what the market is going to do. I think there are going to be more torturous, slow days. |
For the most part, if they are nonindigenous to the state and they're not endangered or threatened, they're not regulated, ... Most of it is going to fall between the cracks. If it's not indigenous to the state, then it's up to the county or the city to invoke ordinances. |