Everyone expected the unemployment rate to slip to 4 percent. It appears the Fed is a lot more afraid of the market than the market is afraid of the Fed. |
Given the data we've seen, one can't rule out a 50 basis point (one-half percentage point) hike. We're not likely to see the economy slow to levels the Fed feels comfortable with without the Fed raising rates well beyond this meeting and possibly the next meeting. |
Goldilocks is dead and the Three Bears are in the process of consuming her. |
Half of the gain (in spending) was due to price increases. Mr. (Alan) Greenspan may want to convince you that inflation is relatively contained but that's hardly the case with what the data shows. |
Having cash all the time to some degree makes a certain amount of sense. I don't ever advise people to be 100 percent in or 100 percent out. |
I don't think it's going to help the economy very much, and it's certainly not going to help corporate profits. |
I don't think it's the end of the bull market of the 90s, but it looks like we're in for some stormy times in New York. The market tends to go to the extremes. A month ago everybody saw everything as being perfect. On the down side, we'll see everyone saying everything is terrible. We're probably somewhere in between. |
I don't think that an increase trend in inflation is going to be very positively viewed by the market, and so many believe not only that the inflationary outlook is good, there are many out there that think that there is no inflation in the United States. |
I don't think we're in for Armageddon, but there's not going to be any visibility on earnings. So we've got months of trading fun and investors can go to the beach. |
I expect we will make an important bottom and the ultimate bottom this month. |
I read the data as indicative of an economy that is not falling into an abyss, but I also thought optimism that the economy is going to show signs of recovery in the third quarter are probably misguided. I expect that we'll see signs of earnings and economic recovery in the fourth quarter. |
I think (investors) are going to be looking at how the market has performed and what the sector rankings are. I think that some of the recent gains that have come to a bit of a stall are probably a function of...the notion that once people come back from Labor Day, we should have a pretty good rally so they just wanted to get positioned ahead of that. |
I think a lot of people had anticipated May sales would be weak, which is a further sign that the economy is slowing. In general, the outlook for what the Fed is going to do is probably more important to the group as a whole. |
I think it was likely to falter because of the amount of people who bought in anticipation of the approval. |
I think it will be fairly marginal. Maybe some of the people that depend on UPS to ship, catalog companies...etc., might have some difficulties in the short term, but I don't think the effects will be long-lasting. |