We are making another run at 70 a barrel, and we are doing it without a hurricane having knocked out 70 percent of U.S. production. You couple that with the stark reminder of all the geopolitical jitters out there, and you wind up with investors wanting to get a little more defensive.
More Quotes from Jack Caffrey:
To an extent, we're all just groping in the dark to make sense of all the news, all the stories, all the data. What are the ripple effects What will the costs be on a cost front, a delivery front and a psychology frontJack Caffrey
Once things get through the day-to-day digestion period, broadly speaking the market is still pretty good, ... The trend to lower energy erases some of the fears of how long consumers can hold up. It gives the market enough to fear but sets us up for gradual appreciation going into year-end.
Jack Caffrey
It's not just what you deliver, but what your future is likely to hold. I feel like there is a lot of one-time noise in earnings. That's going to create volatility for some stocks.
Jack Caffrey
This is a maker of scents and the chemicals used to make a whole host of consumer products -- perfumes, soaps and food products. I like companies where their customers that are actually generating the demand, ... It has very high returns on capital, a good business and a reasonable valuation.
Jack Caffrey
You're looking at a mid-teens grower and you can get it at potentially 13 times earnings. So, it's a good sector, one that we like, ... It's a more stable discretionary item, but an attractive valuation and good growth prospects.
Jack Caffrey
Readers Who Like This Quotation Also Like:
Allowing Texas to display the Ten Commandments on State property but disallowing Kentucky courthouses from doing the same is a poor and flawed interpretation of the U.S. Constitution.Ginny B. Waite
Oh, it's essential. I mean, you have to - if I'm writing about the Middle East, I have to go there, and if possible, stay long enough to get a real feeling for what's going on.
Joe Sacco