Today's ISM services number was a disappointment. The economy can't improve if the only sector expanding is the consumers. And now the mixed retail result is raising concerns there, too.
More Quotes from Joseph Battipaglia:
I think it is a quarter of a point move up, but a neutral stance by the Fed, opening up the way I think for a big rally for the rest of the year,Joseph Battipaglia
The bond market still believes that the Fed is an inflation fighter, the bond market still believes that there really isn't inflation today, and they applaud the moves by the Fed to be ready for future,
Joseph Battipaglia
It's still a situation where fundamentals are decent, but the pressure of the continuing high oil prices and a profit surprise, like HP today, persist,
Joseph Battipaglia
What's going to be positive here is delivered earnings, a fairly bright outlook for the second half by corporations, and a growing comfort among investors that perhaps the tightening initiative by the Fed is coming to a close,
Joseph Battipaglia
The PeopleSoft news could make it more likely that the Oracle deal will go through. And after all the recent downgrades, people are probably relieved to see a brokerage lifting its view on the chip sector.
Joseph Battipaglia
Readers Who Like This Quotation Also Like:
Based on Topics: Disappointment QuotesYou got to get twenty-seven outs to win.
Casey Stengel
The receivers are an integral part of the passing game.
Hank Stram
So we are now still dependent on foreign oil, have a problem with global warming, and are losing jobs rapidly to the Japanese in fuel-efficient vehicles as a result of that very shortsighted progress.
Jay Inslee