So far financial markets like what they're hearing from the chairman.
More Quotes from John Augustine:
The markets are reacting very positively to the news out of Japan. They're literally starting at the funding level to the banking industry before they start raising interest rates. This seems to be taking some pressure off the cyclical sectors around the world.John Augustine
The stock market has an opportunity to break upwards if corporate CEOs and CFOs say some good things, or at least some neutral things, about the outlook,
John Augustine
Technically, we already saw this in 2005, since the SP 500 up 4.91 slightly beat the Russell 2000 up 4.55. But now in 2006, we are seeing a migration to large caps and mega caps. Some of this rotation is due to an expected slowdown in overall corporate profits. During such an environment, investors are more comfortable with large-cap companies, which are stable and more consistent in performance.
John Augustine
Many market observers are coming out with the belief that the market will break upward after the election. Such strong consensus views often don't turn out to be a reality.
John Augustine
If the economy is as strong as the Fed is worried about, that's going to mean better corporate earnings. The driver is rotating from front-end consumer to back-end business spending. And business spending is being driven by the need to continually improve productivity, which brings in tech spending.
John Augustine
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Harold Ramis
I get a lot of recognition for my voice. That always surprises me.
Moira Kelly