I think we are heading into the worst of it. Investors think there we're heading towards a recovery in the next six months and I hope that they are right, but I just don't see the valuations for a huge rally going forward.
More Quotes from Maureen Allyn:
I'm surprised we're seeing this little amount of weekly claims because we keep hearing the announcements. There have to be more layoffs in the pipeline.Maureen Allyn
We're growing vigorously, and I think that the bond market is right to be a little bit concerned about this. It's not the data we've gotten, but the data we didn't get. We didn't get a slowdown in the second quarter. That, I think, is going to make the Fed very nervous.
Maureen Allyn
Private sector credit from 1999 through the first half of 2001 was adding 1.2 trillion per year. It was the mother of all credit expansions.
Maureen Allyn
There's a difference between being stable and starting to grow again. I think that's what we're hearing from companies, too - the worst may be over, but we really don't see the upside coming, and that's what these jobless claims suggest.
Maureen Allyn
This is still very flat inflation. We do not have an inflationary worry.
Maureen Allyn
The rest of the world is not in good shape and exporting to them is a tough slog.
Maureen Allyn
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