A number of people were looking for the good news that occurred, ... When the dust settles, people also say, history argues for the market going up. So people who may have been inclined to sell just don't. |
Alan Greenspan's history is being a gradualist. Having done five quarter-point increases in less than a year, another quarter-point would fulfill one of his objectives of not unsettling the markets. That's why I believe there will be a quarter-point hike in May, possibly followed by another in June. |
Anyone who has leaned against this bull market has paid a price. Charlie Clough is a very smart guy who was symbolic of a lot of smart people who have been fooled by the continuing strength of this bull market. |
Both owning asset management and not owning asset management are reasonable positions to take. |
Each 1,000 point market becomes less important because the percentages get smaller and smaller, so they have become truly irrelevant in some measure, ... But (10,000) is extremely important because a lot of people who have had a little bit of shaken confidence over the last several years (are probably going to) come in here. |
Every time in the last couple of weeks that this has looked closer to a resolution, the market has done better. |
He has been a financial institution. No one can replace him. He brought financial journalism to a new level with his trademarks of honesty, humor and fairness. He always looked at both sides of the issues. His only bias was toward optimism. |
He is the single most successful architect of a financial services colossus of our time. |
I don't think we're in bad shape. I think we're in a recession. I think we're in very good shape to weather this recession and make it a short, shallow one. |
I think 50 basis points is built into the market price structure, |
I think here for a while we will probably digest the recent gains, |
I think it's not a clear and present danger, |
I think that we had an incredible performance yesterday (Monday). I think today (Tuesday) is just giving up some of what we put together over the last two days. |
I think the economy stinks and the numbers (corporate results) for the next couple of quarters are going to be lousy. You have exhausted sellers on the one hand and the crummy economy on the other, so you get a standoff, |
I think there's a possibility that after Vice President Gore makes his comments, I would expect a little bit of a relief rally tomorrow. |