Despite the decline, the ISM report was very positive, and what you can take away from it is that the economy is continuing to expand. The question for 2004 is whether that continued expansion has already been reflected in the 25 percent returns you saw in stocks last year. |
Don't forget about the Gretzky factor, ... Don't underestimate him. He may take this team and give them a heck of a chance to get in. He'll bring something to the table that will make players give that extra effort that may win them a few games. He thinks way ahead of most people. |
Earnings have been strong and will continue to be strong, but there's a worry that rising rates will mean the multiple on the earnings will be less. |
Energy's off a little bit today, but it doesn't mean that energy is going back down. We're starting into an earnings season and earnings will start to have an effect. |
Even just a month ago, prior to the release of the March payrolls number, there were some investors betting that rates wouldn't rise until early next year. Now, after two months of higher payrolls, it seems likely rates are set to rise, and so there's a certain throwing in of the towel for some investors. |
Expectations were for improvements in the economic news, but the reports today have surpassed those expectations, so you have investors finding more encouragement than they did in the reports released in mid-to-late November. |
For anybody out there that thinks Wayne Gretzky gambled, or was a part of that, is absolutely wrong. Wayne should go to the Olympics because he's done nothing wrong, at least that's my opinion. |
For me it was sitting in the bedroom and hearing my parents try to deal with issues. You try to hide from it. You get into dark rooms and things like that. |
For the last several weeks, the market has gotten ahead of the economic news. You're seeing that with the jobs report this morning. For stocks to continue to climb, you need to see the economic news start to catch up. |
For their survival, they've got to be able to do that more effectively and go into partnerships with brick-and mortar-companies. |
Greenspan talked very little about the current state of the economy and was really admonishing lawmakers, and he made it very clear that there will be no interest-rate cut announced after the meeting on Sept. 24. I think this may have disappointed some investors hoping for a rate cut or something more aggressive to help stocks. |
growing about 27 percent. |
He has tried to protect his wife. If people want to ridicule him for that, so be it. |
He knows how to handle people. He's a generous guy, ... He knows how to treat all levels of players whether they're the stars or the fourth-line winger or the scrapper, or whatever. He makes everybody feel important. |
He knows how to handle people. He's a generous guy. He knows how to treat all levels of players whether they're the stars or the fourth-line winger or the scrapper, or whatever. He makes everybody feel important. |