That may be one of reason (the Dow is) 9,800 -- maybe the markets have already begun to worry about the outcome not being known. |
That's a classic move in both parties -- appeal to the base to win primaries, then move to the center in a general election -- and I think he will do that. He will cite his record as governor, which was moderate, especially for Vermont. |
That's a commentary that the markets think the bigger concern is the soft patch, not inflation, ... Nobody knows how big a soft patch this is. The key to understanding a lot of this is obviously the price of oil. |
That's the question, certainly, for all our clients on Wall Street. They're resigned to Clinton getting re-elected, but the real issue is if it's not by 10 points, but by 18 or 19 -- if it's the latter, then I think certainly the House will go Democratic, ... The Senate is a tougher case to make, but in a blow out, even the Senate could go. |
The big play from a regulatory standpoint has to be healthcare in general and the drug stocks in particular. If it looks like, around Halloween [Oct. 31], Bush is going to win, I think the drug stocks will do very well. If it looks like Gore is going to win, there could be cloud over the sector, ... Gore's rhetoric, starting at the convention in L.A. until now, has been quite anti-business for many industries and that has been troubling for many investors. |
The big play from a regulatory standpoint has to be healthcare in general and the drug stocks in particular. If it looks like, around Halloween [Oct. 31], Bush is going to win, I think the drug stocks will do very well. If it looks like Gore is going to win, there could be cloud over the sector. Gore's rhetoric, starting at the convention in L.A. until now, has been quite anti-business for many industries and that has been troubling for many investors. |
The combination of fiscal and monetary stimulus right now is the largest I've seen in years, ... It's good for GDP. If the economy starts to hum, stocks should do well. |
The combination of fiscal and monetary stimulus right now is the largest I've seen in years. It's good for GDP. If the economy starts to hum, stocks should do well. |
The consumer is not on a spending binge - consumer spending has moderated and I don't think there's a compelling case (to raise rates). |
The economy is so strong, revenues are coming in at a rate that no one predicted. What it came down to was they had to decide how much more new spending they could add and how much more they could cut taxes. |
The end is near. To get a resolution is the biggest story of all. Beyond that all sectors that you would expect to do well -- drugs, energy, defense stocks, utilities -- they will all do very well tomorrow morning. [I see] an across-the board-relief rally. |
The feeling is that Bush might call for a study, a commission, a blue ribbon panel on tax change, but that, if you start talking about radical tax reform, it becomes a big, fat target for criticism. |
The general tone of the rhetoric form Gore has been quite hostile. |
The key variable here is the consumer. As of now, consumer spending is way down so that may be the most critical thing they'll look at, |
The markets until recently have been oblivious to the possibility of a Kerry win. |