All those people who were waxing so bullish early in the year are now finding out the reality, that growth is slowing.
More Quotes from Marshall Acuff:
The question is, are you going to get into a period like the '70s, when inflation went up and up -- which I seriously doubt -- or inflation picks up a bit, and then stabilizes.Marshall Acuff
It's not clear that the Fed is going to move in June. Perhaps, the Fed moves late summerearly fall, if even then. What is clear is that the economy's momentum, which was quite strong in the first quarter, is indeed slowing down It is also clear that profit momentum for the year is going to be slow.
Marshall Acuff
Clearly today the catalyst was the better-than-expected productivity report. All that feeds into the techs.
Marshall Acuff
You are seeing a broadening out of the market that we had not seen going from the 9,000 to 10,000 mark. This is a much more egalitarian market and that's a healthy development. It suggests a more sustainable market over time.
Marshall Acuff
Now reality is beginning to sink in -- that Asia is basically a long-term workout. I really don't see much relief from Asia for quite a while. I think we'll get tired of hearing about Asia before the year is over, but it's really earnings that's key. It's growth that's really the issue.
Marshall Acuff
Readers Who Like This Quotation Also Like:
Based on Topics: Reality QuotesBased on Keywords: waxing
Dogs are forever in the push up postion.
Mitch Hedberg
The thing that makes you exceptional, if you are at all, is inevitably that which must also make you lonely.
Lorraine Hansberry
Tobacco exports should be expanded aggressively because Americans are smoking less.
Dan Quayle