The only dark cloud to this number is that now the Fed has no reason whatsoever to stop raising rates.
More Quotes from Barry Ritholtz:
We very much benefited this year from the still-low interest rates, with the Home Depot's and Lowe's of the world doing well, ... The whole universe of homebuilders and mortgagers did really well, too, but as interest rates continue to rise next year, that's going to dry up some.Barry Ritholtz
We need to see a confirmation in the next few weeks. We need another session of gains of 1 to 2 percent for all the major indexes before I'll be confident that this is a bottom.
Barry Ritholtz
At the beginning of the war, every headline caused the market to go screaming. Now, the market seems to have become inured to violence.
Barry Ritholtz
There is a lot of economic news to digest between now and the next meeting. If we see economic signs that are positive, then that would encourage the Fed to stay on the course of gradual rate hikes, but if things slow down then maybe they would skip a meeting or two.
Barry Ritholtz
The concern is that if a lot of the gains are in energy, that's good news for energy, but not necessarily good news for the economy.
Barry Ritholtz
The big issue is decelerating earnings growth. Earnings will still be higher but the ideal time to buy stocks is when earnings go from awful to not so bad as opposed to going from great to good,
Barry Ritholtz
Readers Who Like This Quotation Also Like:
The Gentlemen of England serve under the greatest cad in Europe.John Burns
No problem can be solved until it is reduced to some simple form. The changing of a vague difficulty into a specific, concrete form is a very essential element in thinking.
J. P. Morgan
And the big issue here, I think, is that the publisher took over the editorial pages, a guy named Jeff Johnson. He's an accountant from Chicago, doesn't know anything about what newspapers are supposed to be about, and he made a decision to get rid of the column.
Robert Scheer