A strong dollar takes away companies' pricing power because imported goods come in a lot cheaper, and it impacts earnings because they can't raise prices. |
At least it's a beginning... They'll do more if they need to. |
Companies have to learn to live with keeping their costs down. They're not going to get pricing power not in our lifetime, I'm afraid. The world is just much too competitive. |
Employers are reluctant to hire people who can't do the job they want and they're reluctant to pay more. |
Everybody uses energy, either to heat their homes or to drive their cars. So, when the price of energy falls, it's like the whole country gets a bonus or a tax cut. |
Greenspan's testimony to Congress is always an event and probably more so this time than usual. We are looking at the Fed with a bias to tightening and we have to get some warning of whether he is going to act on that or not. So what I am looking for is a clear signal. |
Growth took them by surprise last year so I think this is paying back for all that growth we had last year. |
I am really concerned that one of these months we are going to get a bad inflation number. I think the markets have to be very nervous in front of these inflation numbers. |
I have never thought that what a government wants its currency to do makes a hill of difference. What's holding the dollar up is a desire to put money here and a faith in Greenspan and Corporate America. That's all psychology, and it can turn on a dime. |
I have to think there will be more layoffs in the pipeline. |
I really do believe this technological revolution qualifies as a big one that is going to have a long-lasting impact. |
I think companies have gotten a little behind. |
I think that's got to be a better-than-even chance at this point. We know from their discussions that they were very, very nervous. This isn't going to calm them down any. |
I think they'll cut a quarter point, like everybody else in the market. The markets have gotten a pretty good read on what's going on, and I take my cue from them. |
I think we are heading into the worst of it. Investors think there we're heading towards a recovery in the next six months and I hope that they are right, but I just don't see the valuations for a huge rally going forward. |