I think earnings are going to surprise on the high side. Our expectations were much lower for earnings because we thought the economy was going to be very slow in the third quarter and that didn't happen.
More Quotes from Robert Froehlich:
I think what's happening is exactly what the Federal Reserve Board wanted to happen. They wanted to change their bias from neutral to tightening to slow down the markets - and that is what's happening today.Robert Froehlich
I think the REIT market is a nice way to play the real-estate market. One of the reasons (REITS have) become popular in the mutual-fund segment is that they give you a great way to diversify real-estate holdings across a much larger spectrum than you could get if you individually invest in real estate.
Robert Froehlich
They're not done. They're giving us another present in January. You can't lay off people at company after company after company and not stimulate this economy. I think the Fed is scared to death.
Robert Froehlich
I think that the next move with interest rates is going to be up and, quite frankly, ... the numbers we saw this morning were stronger than expectations and so we see that the consumer is not slowing down at all and you have the bond market a little on the edge.
Robert Froehlich
There was a concern that capacity utilization would be a little higher because the auto production has really been up a lot and there was concern that number would spook the market.
Robert Froehlich
The predicament that we're in with our economy is the mistake the Fed made two years ago. I believe they know they made a mistake, and they have to give it back to us.
Robert Froehlich
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