The worse the outlook for corporate profits the better it's becoming for investors who are beginning to sense that perhaps the central bank will not raise interest rates again, ... When liquidity is in poor supply, it's good for stocks versus other asset classes.
More Quotes from Khuram Chaudhry:
Markets in Europe moved down after a turnaround in the U. S. markets. The good news was that the Bank of England cut interest rates at the same time other European bourses and the Bank of Japan joined in,Khuram Chaudhry
The European markets rebounded from earlier today, but a lot of uncertainty remains in the markets. First there's the political backdrop. Secondly, with regard to the U.S. data on Friday, we had U.S. labor figures which weren't too encouraging. But markets across Europe have made considerable headway since Sept. 11. There's a degree of profit-taking going on.
Khuram Chaudhry
There is a little bit of uncertainty about what exactly Mr. Greenspan will say today. Investors want to hear about interest rates. Yes, the economy has shown some signs of suffering recently, but that's countered by other data indicating continued improvement overall. Investors are cautious until they hear more from Greenspan today.
Khuram Chaudhry
There is U.S. existing home sales data out today that is quite key with what's happening with the state of the U.S. consumer. I think the consensus view is that you're still likely to see a great hold up, but if the data oppose that view it could have some impact on the markets.
Khuram Chaudhry
The Royal DutchShell story could be a drag on the sector today.
Khuram Chaudhry
If there are no interest rate cuts before the end of the year, the concern will be that we are going down the deflation road, since economic data is unlikely to turn up of its own accord,
Khuram Chaudhry
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In all three cases, and for most human beings, the problem of suffering poses no difficult problem at all: one has a world picture in which suffering has its place, a world picture that takes suffering into account.Walter Kaufmann
I had hoped God would be neutral.
Darrell Royal
Who is there that ever receives a gift and tries to make bargains about it? Let us, then, return thanks for what He has bestowed on us. Who can tell whether, if we had had a larger share of ability or stronger health, we should not have possessed them to our destruction.
Alphonsus Liguori