I think we need to go back to 6,300 before there is a little bit more confidence about value when earnings growth is questioned.

I think we are getting into the resistance levels. We are getting to the hard part.

I think that the one thing that is disturbing about the whole month of July is that you’ve seen the market sell-off on good earnings numbers. And it seems to remind me a little bit...

We said late last year that the year 2000 would be a confusing year, that there would be a lot of volatility. That’s because it’s a transition year and the transition is very simply one...

[Price-to-earnings multiples on U.S. equities] contracted last year because corporate profits grew faster than expected while the market was locked down by inflation fears. Those fears should abate as the Fed eases off, and we...

The main catalyst that people are looking at is tomorrow’s jobs report. While there’s a mix of many things going on in the market, the key thing to an economic recovery is jobs and income....

I think it’s a carryover from what has been a really nice trend.

I think there is risk in the market. If there is weakening in the economy, then an earnings recovery gets pushed out further into 2002.

I think the market needed to pause.

The (stocks) with the highest (price-to-earnings) take that news the hardest.

Really what the markets have been struggling with is: What is the direction of the economy and therefore corporate profits.

It’s going to be difficult for stocks in the short run. Now that interest rates have risen, there is going to be tremendous pressure on earnings. Without earnings, there is not going to be a...

The market is responding very directly to interest rates as kind of a one-dimensional thing — fearful of inflation and I think that either higher rates may catch this market in 1997, or the flip...

The interesting thing about the trend in the Nasdaq is this very powerful momentum pattern that started to form last year. Until certain things happen, this momentum is going to remain strong. It’s blown out...

A typical economic recovery will see job growth north of 220,000 new jobs a month. And we’ve had very few months above that level. So, this job market looks stable, but not robust, and that...

The fed was very aggressive with cutting rates, and that affected rate-sensitive areas of the economy, such as housing and autos. That leaves us with a problem, which is a lack of pent-up demand in...

The negative of last Friday’s decline was not the decline itself, but the complacency of the decline. There’s too much complacency.

We have to be patient with this recovery. It’s not going to be a youthful one; it will be a slow, lumbering one.

I think we’ve already broken out of the trading range. Most of 2005 was the trading range.

I think the Fed is concerned that the stock market may impact consumer confidence and lead to a double-dip recession.

The strong dollar has done two very good things for the stock market: brought in foreign money and kept inflation low. Question is, ‘What is the dollar going to do from here?’ It’s been weak...

There may be some changes taking place, not just in the stock market but maybe in the global economy.

The stock market just cannot seem to go anywhere but down whenever the long bond gets above 7 percent, and that is basically what happened today.

For technology, it’s still probably going to be a long period before the turnaround.