We caution investors one month of stellar job creation does not a trend make. And since the entire Street has diminished economic growth projections for 2005, we have to stick to our guns of slower, not stronger, job creation in coming months.
More Quotes from Richard Yamarone:
This is good news. For all intents and purposes, this is really good data. Some equities should rally on this.Richard Yamarone
The sentiment I get from the Beige Book, along with listening to quarterly earnings conference calls, and just the general tone of my conversations with people who have their fingers on the trigger of hiring, say companies are just not doing much of it.
Richard Yamarone
Businesses have had every incentive for investment spending, and they haven't taken that opportunity. I can't see how the tax provision expiring changes that too much.
Richard Yamarone
People buying generators sounds more like a smart insurance plan to protect some of their assets, rather than a sign they're living in fear. It may dampen people's outlook a little bit, but not in a way that would translate into weaker spending.
Richard Yamarone
For all intents and purposes the Fed is going to move at a measured pace whether that word is in there or not. And now, the longer end of the yield curve should react more to Fed moves.
Richard Yamarone
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