We've been raising rates in this country since about June of last year, so we've had over a year's worth of rate increases starting to flow into the market. That has slowly, but surely, drained liquidity out of the overall financial system in America. So money supply growth has been below nominal GDP growth now for a number of months. So what's happening is slowly, but surely, there's just not enough money out there available to make everything go up all at the same time. So that's why rallies fail sooner than you expect, and why you know people get punished more for bad news than they get rewarded for good news,
More Quotes from Ron Hill:
This is very good news for the technical side of the market. It means there's still enough money to float everything. It's not just the big-cap stocks, although I still think they remain the leaders.Ron Hill
Obviously, the tech wreck has some effect on the consumer because the slowdown has affected (spending), ... The Fed has less work than we had thought before.
Ron Hill
The markets continue to mark time. Every day we get worries about inflationary pressures and interest rate pressures. Stocks have a hard time rising, but the reasons to rise are still coming through with strong earnings gains.
Ron Hill
You don't strip-search someone for a traffic violation. They made a mistake. They don't want a class-action suit. Other people will come out of the woodwork, on minor charges, saying (police) strip-searched them, too.
Ron Hill
A more offbeat pick is Hill's selection of tobacco giant Philip Morris, which is entering the latest round of tobacco-related litigation, this time with the Justice Department. But, ... there is very little basis in legal theory from which that suit can even be launched. And this is a company that has better cash flow than 10 of the largest corporations in America combined. They also pay a 5 percent dividend year over year.
Ron Hill
We couldn't get any takers. As it happened, he just fell to us. A lot of times, the deals you don't do are the best deals.
Ron Hill
Readers Who Like This Quotation Also Like:
Based on Topics: America Quotes, Media & News Quotes, Time QuotesBased on Keywords: nominal
If you can't fully believe in your ideas, it very quickly communicates to a group of actors who need something to hold onto. They need to believe that whatever criticism, whatever comment is received, is meant.
Trevor Nunn
Death is a challenge. It tells us not to waste time... It tells us to tell each other right now that we love each other.
Leo Buscaglia
Christianity will go. It will vanish and shrink. I needn't argue with that; I'm right and I will be proved right. We're more popular than Jesus now; I don't know which will go first - rock and roll or Christianity.
John Lennon