I don't buy the Wall Street argument that capital spending won't come back anytime soon because of overcapacity.
More Quotes from Subodh Kumar:
The Fed is close to finished with raising rates. Inflation in the U.S. is moderate.Subodh Kumar
What they're looking at is the rate increases by the Fed, and probably the other central banks, should result in somewhat slower inflation pressures and slower consumer growth in the U.S., which markets would like to see.
Subodh Kumar
The market is showing the classic signs of the beginning of a cycle, a new bull market.
Subodh Kumar
With close to 20 per cent of the SP 500 companies having reported, year-over-year operating earnings growth for the third quarter at 14.9 per cent appears in line (versus above consensus for recent quarters) but still good,
Subodh Kumar
Companies and analysts were badly burned in 2000 and 2001. So now if there is any negative news, it behooves companies to get that into the marketplace earlier,
Subodh Kumar
The euro has been going down for two years, so I have to wonder if these guys are keeping their eye on the ball,
Subodh Kumar
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No, I don't belong to a retirement community.
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