(This) week is all about the Fed. But we all know they are trying to bring back the benchmark rate to neutrality. They still have a couple more rate increases to go. |
A lot of the short-term action is dependent on oil prices. |
At some point, portfolio managers have to say that bonds are more attractive than stocks, and reallocate their investment funds away from the stock market into the bond market, |
Couples have unreasonable expectations. And unreasonable expectations are a major cause of problems. |
Economic data has been supportive and earnings have been strong, so there's no reason why we can't see a rally in stocks between now and the end of the year. |
Even though the summer is traditionally slow, we are likely to see a pickup overseas this year. That's really where the incremental business will come from. |
Everyone has assumed it's going to be a perfect scenario, ... The market has departed from most traditional levels of valuation. |
Everyone has assumed it's going to be a perfect scenario. The market has departed from most traditional levels of valuation. |
He is very well respected, and he would be confirmed quite easily. |
His first speech was solid, clear and it addressed all the issues the stock market wanted to hear about -- rates, inflation, housing, oil and the economy. |
I more and more believe that very often the market is in a world of its own. |
I think it is going to last into 1999, |
I think the real problem here is that profit margins throughout corporate America are going to be under pressure, |
I wasn't really worried about it, ... Maybe I should have been, (but) I thought it would all blow over, and didn't see it as a catastrophe. |
I would not increase the stock position in this market. It's too risky. |