In the past few years, money supply has moved inversely with stock price movements, and that's probably where the weakness has come from.
More Quotes from David Resler:
I think we can look to several more months, if not years, of this kind of performance. This is a terrific inflation report - exactly the kind of thing we all like to see.David Resler
In today's integrated global economy, given the liquid nature of capital flows, an individual trade balance doesn't mean so much. A lot of the anxiety is overblown.
David Resler
Overall, durable orders need to be looked at on a trend basis, and even after the drop in orders other than transportation orders ... the capital good sector remains very healthy and will contribute solidly to growth throughout 2006.
David Resler
Economic conditions look pretty grave right now. Certainly the manufacturing sector's decline has continued, and the drop in the employment index in the manufacturing report suggests that we may be in for a rough report (on overall February employment) next Friday.
David Resler
It's going to take a lot more than one month to convince me we are in a worrisome trend.
David Resler
Nevertheless, money supply contractions are often harbingers of bad times ahead, and if this lasts much longer, people will get more concerned.
David Resler
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It is not from reason that justice springs, but goodness is born of wisdom.
Maurice Maeterlinck
An example is often a deceptive mirror, and the order of destiny, so troubling to our thoughts, is not always found written in things past.
Pierre Corneille
Nothing is inevitable until it happens.
A. J. P. Taylor