As rates rise globally, we are approaching the point at which equity investors will eventually 'tip' and start viewing lower bond prices as a negative for stocks rather than the other way around. |
Earnings momentum now favors Europe. Given the continued divergence in unit labor cost behavior between the two regions, coupled with the recent weakness of European currencies vis-a-vis the U.S. dollar, momentum should continue to favor Europe. |
Globally, banks sector earnings have not kept pace with the market in recent quarters, while the oils sector relative performance has lagged behind the price of crude. |
He always believed he could do anything. I think he can do whatever he wants. |
I was surprised it stayed right there so I could go get it. |
I'm not surprised by anything that's happened. I just had to work hard and wait for an opportunity to prove to people what I could do. |
In Europe, (earnings) numbers are still being revised up, ... Estimates have risen by 11 percent in the past six months in Europe compared with 6 percent in the United States. |
In many of the games the oldest player in the side is 21 or 23 and the lads are playing really well. We are looking for a win over Newton and I think we will certainly give them a run for their money. |
It is the media area where the differential performance has been greatest and where we feel the valuation gaps across the Atlantic now look most extreme, |
It is the media area where the differential performance has been greatest and where we feel the valuation gaps across the Atlantic now look most extreme. |
Oil prices should be supported by renewed imports into China, while multiples remain low in the sector. |
Oil prices should be supported by renewed imports into China. The banks, however, should see some moderation in their very strong earnings momentum. |
That was the most important game we ever played. That was our freshman year, and we won. That turned out to be the only time we went [to the championship game]. |
The weakness of the dollar is having some impact on the market. The weakest sector is the auto sector -- that is an area of the market that has displayed a high degree of sensitivity to currency movements. |
We continue to maintain a bullish stance towards European stocks for 2006. The combination of still low valuations and the prospects that earnings will continue to grow suggests a continued positive stance. |