I think that, globally, investment banking is going to be a huge opportunity for the business. We're just seeing a huge amount of activity, and I think that falls right into benefiting the large brokerage firms.
More Quotes from Patricia Chadwick:
It's just another number that the market will go through.Patricia Chadwick
I believe that two sectors that will lead the market are technology and the financial services for two slightly different reasons -- interest rates, and the other reason just being the drivers for productivity and growth in the economy, and profits. And I don't think that that has changed. I think it's one of the things that is really important about technology. Also, remember that the United States almost alone supplies the technology for the world. We produce just about all the new technology. Do we manufacture all of it right here No. But we are the driver and the rest of the world needs our technology.
Patricia Chadwick
In the short term, I think there are some good signs that the Fed will raise interest rates.
Patricia Chadwick
If in fact the OPEC countries can get together and cut supply, that would be great. I think what tends to happen is when we hear these kinds of announcements, oil stocks do extremely well and yet the truth is somewhat a little less exciting than what the announcement comes out as.
Patricia Chadwick
We may be setting ourselves up for a rally in the new year. We'll have a lot of announcements in the very early part of January from companies, which will point to some more disappointment in earnings, and that may be a catalyst for the Fed to lower rates
Patricia Chadwick
The auto companies have done really well and I think it's hard to see a continuation of that for a long period of time.
Patricia Chadwick
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Arthur Koestler
Whenever I don't' have to wear makeup, it's a good day.
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The market tends to pay as a wage what an individual laborer is worth. But the case last studied suggests the question how accurately the law operates in practice. May it not be an honest law, but be so vitiated in its working as to give a dishonest result?
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