There should be nothing scary in the oil inventories. It should show huge inventories or close to huge inventories. If you want to be scared about oil, you have to come up with something out of the Middle East or Africa, like the growing violence in Iraq.
More Quotes from David Kelly:
I have coached in the SEC and I have coached in the ACC, ... The SEC always had the better reputation. But with the additions to the ACC, there is no difference now. We will play the best competition in the country and that will certainly help us in recruiting.David Kelly
What's remarkable is how little the statement changed. The one thing that is important is that the Fed has always, over the past few years, tipped its hand. But they have still not indicated that they are close to ending their tightening.
David Kelly
The key issue is economic growth. It's building toward a strong positive surprise. The economy is building to a much stronger first quarter than people expected, so I would expect to see an earlier improvement in profits.
David Kelly
On average, both the quantity and quality of employment are improving. But the evolution of the modern economy has resulted in an hourglass effect where the middle is getting squeezed. Individuals are either moving up or down but finding it hard to hold their ground.
David Kelly
Sometimes at the top of the market, it's really just about people trying to make 22 equal 5. A lot of the biggest mergers conducted in the most optimistic circumstances don't enhance shareholder value that much. We don't want to see a repeat of that.
David Kelly
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