We believe this configuration has lasted so long it may be having a beguiling effect on the market. And with no obvious catalyst for a reappearance of volatility, the obvious risk is that investors take this stability for granted.
More Quotes from Merrill Lynch:
Although the bookies were due a run of better form ... we remain concerned about the underlying structural issues at work within the industry.Merrill Lynch
Compass has issued, for the first time in a while, a trading statement that does not include a profit warning. Trading and management's initiatives appear to be running to schedule.
Merrill Lynch
The market environment continues to become increasingly competitive as the international field of participants continues to grow. The competition among bankers, financial advisers, attorneys, private equity firms and other participants has been equally impressive.
Merrill Lynch
We noted with interest that the often overlooked Furniture Appliances industry sector turned out to be one of the stronger performers in 2001...based on market capitalization, Furniture Appliances ranks 11th out of the universe of 78 industry groups with a 28.7 percent one year return.
Merrill Lynch
Deflationary pressures in food continue to be severe and are not projected to ease until the second quarter. Better buying and category management efforts are expected to result in some gross margin improvement.
Merrill Lynch
We remain bullish on gold over the medium to long term and believe that the arguments for gold outweigh the arguments against.
Merrill Lynch
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Based on Topics: Danger & Risk QuotesBased on Keywords: beguiling, reappearance
If the present Congress errs in too much talking, how can it be otherwise in a body to which the people send one hundred and fifty lawyers, whose trade it is to question everything, yield nothing, and talk by the hour?
Thomas Jefferson
Before the boat docked, however, he confessed because he was contemplating running for president, he couldn't separate from his wife. I believed him when he told me he faced a difficult choice between pursuing personal happiness and his political destiny.
Donna Rice
Don't waste time on jealousy. Sometimes you're ahead, sometimes you're behind.
Mary Schmich