Consumers will have to curb their spending eventually, which would help to cool economic growth.
More Quotes from Bob Doll:
The fact that we have gone three years without a correction tells me we are overdue for one. Markets don't go in one direction without interruption.Bob Doll
Likewise, we expect earnings growth to continue to slow.
Bob Doll
For prices to drop below the 50-per-barrel range, we would need to see a significant slowing in world growth, which we believe is unlikely at this point.
Bob Doll
If they've had the moon shot, protecting it makes some sense. They've presumably gotten it through something growing quickly.
Bob Doll
The Fed appears determined to wait until it is clear that consumption growth has cooled before halting its rate-tightening campaign.
Bob Doll
Readers Who Like This Quotation Also Like:
My father went into the armed service and I never saw my mother - I don't know what happened to her.Gregory Corso
I came all this way for a reason. Today is the day of salvation. Trust Jesus to save you. Then be sincere as God knows a pretender.
Kirk Cameron
I came from a small town and at school in one class there was me, a member from Depeche Mode and someone who went on to join The Cure. That was all in one class of 30 kids.
Alison Moyet