The core inflation number was the key number. I've been personally wondering and so has the market about the possibility that inflationary pressures are rising. ... However, this data point at least would seem to contradict that.
More Quotes from Ed Keon:
It is certainly a risk if you have new money in the market now with these kind of price- earnings ratios, ... If you're queasy about drops and ups and downs this might be a time to be a little cautious.Ed Keon
The referral of Iran to the U.N. Security Council suggests that the crisis might have legs as the world tries to stop the Iranians from developing nuclear weapons. It does not matter what happens in Iran, it is the uncertainty about Iran that tends to be very bad for markets.
Ed Keon
Analysts' forecasts for earnings I think are still a little too high. They are expecting 8-percent earnings growth. I don't think we're going to do that. For next year, they're expecting 14-percent earnings growth. I think we'll be lucky to do half of that.
Ed Keon
The Fed may end up being on the job longer than we originally thought.
Ed Keon
Two thoughts. First, savvy investors have long ignored the cost of goodwill amortization in valuing a company (many prefer cash now). It's just cosmetics, ... If companies soar in value for the sole reason of this accounting change, I would take advantage of it and sell those stocks.
Ed Keon
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Follow what you are genuinely passionate about and let that guide you to your destination.
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The concept of absurdity is something I'm attracted to.
David Lynch