All the pieces are in place to generate healthy economic growth for the balance of the year, ... But so far, political and economic uncertainties have overshadowed the strengthening in corporate profits.
More Quotes from Sung Sohn:
This time around, my guess is that the lead may end up being shorter than the historic average, ... I wouldn't rule out the possibility of the stock market being an almost coincident indicator.Sung Sohn
By the time the election is over, the Fed might be in a position to increase rates more aggressively. In 2005, we might see rates going up more than a quarter (percentage point) every other month.
Sung Sohn
It's not necessarily a negative, from the point of view of economic growth, ... Even in Washington, D.C., the government work will be made up.
Sung Sohn
Even with significant employment gains, the central bank wants to see more inflation and pricing power. The fall election is another hurdle. No hike in the interest rate is likely in 2004.
Sung Sohn
Historically, economic and political crises have been buying opportunities. Looking at 17 crises, ranging from President Wilson's nervous breakdown to the Gulf War, the stock market setback generally has been a short-term matter lasting no more than a few months.
Sung Sohn
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Based on Topics: Balance Quotes, Corporation Quotes, Place Quotes, Politics QuotesBased on Keywords: overshadowed, uncertainties
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