However, we are reaching a point on the calendar when the data should be settling down and there is no indication that the number of new filers is poised to move back to the 310,000 to 340,000 range that prevailed in 2005 prior to the hurricanes.
More Quotes from Stephen Stanley:
The question is, How much of this feeds through all the way down the production process Do companies end up having to swallow the cost increases or can they pass it throughStephen Stanley
I think the next really big number for the market is next Friday's retail sales figures. Up until Friday, investors are going to be focused on oil prices, the earnings, and to an extent, the election.
Stephen Stanley
The labor market is very healthy, with both jobs and wages advancing at a nice clip. This means that households will have plenty of cash to support consumption in 2006.
Stephen Stanley
We're in a pretty quiet time of the year. We've been pretty directionless today. Oil hasn't been doing much.
Stephen Stanley
We've had this pattern of strong month, weak month lately. May numbers were weaker and the expectation is for June numbers to be stronger.
Stephen Stanley
There is more bad news to come in May. Gasoline will be up sharply, and tobacco will be up.
Stephen Stanley
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