Stephen Leeb Quotes (14 Quotes)

The stock reaction over the next few weeks is likely to be fairly neutral, with a lot of the damage already factored into prices.

You're getting AOL for less than nothing. Time Warner's assets are worth substantially more than the price of the valuation of the stock. It's that simple,

First of all, (AOL) stock is down ... 50, 60 percent from its high, ... And it really hasn't changed its spots. I mean my grandchildren, if I'm lucky enough to have grandchildren, and their grandchildren are still going to know about Bugs Bunny and Time magazine. AOL is here for the count. (The stock) could end up earning a buck a share next year, maybe even a little bit more than that, 15-to-18 percent growth. Where do you get that kind of quality at that kind of price (That's) very, very difficult to find.

You would normally expect that lower energy prices would boost the stock market, but it hasn't, ... Lower energy prices and lower energy stocks suggest that there is a broader worry about economic growth.

There are no real visible signs of economic weakness. It's a wonderful world except for oil.

Everyone has talked about the industry making a comeback, but I never really thought it was down to begin with. There were certainly inventory issues. But, you had an absolutely blockbuster 2003 and in 2004 you saw reasonable growth - if that's bad, then we'll take it.

The Fed is going to be the key driver for the stock market next week. But additionally, the driver will be the bond market reaction to the Fed and what that implies for interest rates going forward.

The stock market is looking at a pretty benign economy, low interest rates and a 10-year note yield that is below 4 percent, all positives. But then there's the big negative -- oil.

Goldman Sachs ... yesterday took it off their recommended list for reasons that made no sense whatsoever. This is as high a quality company as you can imagine. They did make some round-trip energy trades, there's no doubt, but they amounted to one quarter of one percent of their business. It had no effect on their profits. Energy trading is about 65 cents or about 30 percent of Duke's earnings. I would just buy Duke with my eyes closed at this point.

It doesn't take a lot to get people worried. It just comes down to oil and interest rates.

If the retail sales number is a little lighter than forecast, that may be seen as bullish for stocks in that it takes the edge off the inflation issue,

It's almost like energy is leading the market higher and lower at the same time.

Heaven forbid there is another attack and the impact of this becomes broader then you could see a longer-term effect, ... it's not going to change the basic outlook for stocks and the economy.

We are dependent on the kindness of rogues. Most developed countries are producing all they can and have to import oil. Underdeveloped countries with unstable political systems are the major sources of oil.