The market is clearly responding to the drop in consumer confidence. It's hard to be terribly optimistic when it cost you 60 to fill up the car.
More Quotes from Hans Olsen:
It's interesting to note the diversity of the companies that are reporting these profit shortfalls. And we're still early into this.Hans Olsen
The economy had been incredibly resilient in the face of lots of potential threats. Those threats have started to take hold in slower growth and corporate earnings, and I think it could get worse yet in the fourth quarter.
Hans Olsen
Look for it in the earnings of discount retailers, restaurants and travel sectors. Start to look for GDP to be impacted, earnings in the third and fourth quarters, especially now because we're starting to approach the home heating season. This is not good. We haven't seen anything like this in the better part of 25 years, where you start to have people thinking about gas lines.
Hans Olsen
If the number is 50,000 above or below, that's a variation where you'll see a reaction. If it's below, then people will right away start talking about what the revision will be next month.
Hans Olsen
It's obvious that the hurricanes will drag this number down, and because of that, separating the trend from the noise is going to be hard. When it's hard to assign a meaning to this number, the market will likely just overlook it.
Hans Olsen
A good number will confirm the upward bias for interest rates and higher rates are a headwind for equity prices.
Hans Olsen
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Based on Topics: Cars Quotes, Confidence QuotesHalf the vices which the world condemns most loudly have seeds of good in them and require moderate use rather than total abstinence.
Samuel Butler
Only the winners decide what were war crimes.
Gary Wills
Well, it is certainly not by choice at this time you don't see or hear about me. This business is very unpredictable. A lot of it is luck and being in the right place at the right time.
Erin Moran