What is happening is a little like what happened in the 1920s, the period where demand growth was quite strong but supply growth was even faster. You had new technology then, it was electric power. Now its computing power.
More Quotes from Ronald Hill:
Earnings actually have been very good in the second quarter. Sixty percent of the companies reporting so far have been upside surprises. That's not quite as aggressive at this point as the first quarter reports were, but still a very good performance in a weak quarter.Ronald Hill
If we started to hit some new lows intraday on the Dow and the Transports, a lot of people would sell because a number of newsletters follow the theory and a lot of fast money trades off the Dow Theory,
Ronald Hill
There's still plenty of liquidity. Earnings have been spectacular, over two-thirds of the companies reporting so far in the SP 500 have had upside surprises. Remember, strong growth gives you strong earnings. And the key thing is that inflation is still somewhere over the horizon.
Ronald Hill
These are companies that, through cost cutting, can continue to deliver upside surprises, ... Even if they don't get a lot of pricing help. Which I don't think they're going to get.
Ronald Hill
I think the stock market (will) continue high no matter who wins, ... because of excess liquidity, steady growth and rising profits.
Ronald Hill
You've got a lot of layoffs, but yet 132 million people are earning legitimate wages,
Ronald Hill
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Based on Topics: Power QuotesDo what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't.
Eleanor Roosevelt
Only mediocrity of enjoyment is allowed to man.
Hugh Blair
Marriage is like a cage; one sees the birds outside desperate to get in, and those inside equally desperate to get out.
Michel de Montaigne