We no longer and we haven't had a declining rate of inflation. Why anybody would think the Fed would be considering easing now is hard to believe.
More Quotes from Bill Meehan:
People are still in love with technology. There are enough signs now that the market is oversold and we could get a bounce but it will be limited. It's really a traders market except for individual opportunities.Bill Meehan
We got a little bit of a pop from the Supreme Court ruling. I think some of the strength we've seen was discounting a Bush presidency. Obviously the uncertainty was not what was hurting the Nasdaq -- earnings would be impacted by a slowing economy.
Bill Meehan
The concern is not necessarily over next Tuesday, but what they'll do beyond next Tuesday. If the market rallies pretty sharply, Mr. Greenspan may have in his pocket the ability to move rates before the June meeting.
Bill Meehan
As we reach the end of the quarter, there's increasing optimism that the damage is done. We saw the beginning stages of the fact that when the economy slows, there are no sectors that go unscathed.
Bill Meehan
Unless you see substantially weaker growth and low core inflation, if energy prices remain high and the labor market remains tight, there are a lot of people who expect the next Fed move to be an ease.
Bill Meehan
Everybody knows the Fed is going to lower rates. You'll start hearing people talk about more than a 50-basis-point (a half-percentage-point) rate cut -- that wouldn't shock me.
Bill Meehan
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I first pitched the idea of doing a series of cartoons based on Bible stories. They didn't much like it.
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Hurt leads to bitterness, bitterness to anger, travel too far that road and the way is lost.
Terry Brooks