Historically, SP 500 earnings growth, on average, has been negative when the dollar has appreciated 10 percent or more in a 12-month period.
More Quotes from Richard Bernstein:
History suggests that the most powerful factor influencing the profit cycle is pricing power.Richard Bernstein
What we're seeing today is a relief rally from last week, ... There is really nothing to hurt the market today. All the techs are rebounding well.
Richard Bernstein
We think it is now time for investors to switch from income statement variables to balance sheet variables when picking stocks, ... Portfolios in which stock selection was based on strong balance sheets tend to outperform those based on income statements when the profits cycle decelerates.
Richard Bernstein
SP 500 valuations, by some measures, are near or at all-time highs,
Richard Bernstein
Portfolio managers should answer the question regarding the potential for deflation by saying that we are already deflating.
Richard Bernstein
Readers Who Like This Quotation Also Like:
In Kid A and Amnesiac, the guitar becomes one more texture, difficult to separate from other textures.Colin Greenwood
Well that's the point: People don't normally take away things from films anymore. You go and see a $100 million film, half an hour later, your biggest concern is what are you going to be eating.
Eriq La Salle
I came from a big family - two brothers and two sisters. So, there were always a ton of boys around and a ton of girls around. So, I grew up comfortable with both sexes.
Blake Lively