Gail Dudack Quotes (9 Quotes)

The market is responding very directly to interest rates as kind of a one-dimensional thing -- fearful of inflation and I think that either higher rates may catch this market in 1997, or the flip side, lower earnings.

It's going to be difficult for stocks in the short run. Now that interest rates have risen, there is going to be tremendous pressure on earnings. Without earnings, there is not going to be a catalyst for equity prices to go up.

The stock market just cannot seem to go anywhere but down whenever the long bond gets above 7 percent, and that is basically what happened today.

The (stocks) with the highest (price-to-earnings) take that news the hardest.

The main catalyst that people are looking at is tomorrow's jobs report. While there's a mix of many things going on in the market, the key thing to an economic recovery is jobs and income. That's why tomorrow's number is critical.

The strong dollar has done two very good things for the stock market brought in foreign money and kept inflation low. Question is, 'What is the dollar going to do from here' It's been weak for the last month. Will it still create that magnet for foreign investors

The negative of last Friday's decline was not the decline itself, but the complacency of the decline. There's too much complacency.

Price-to-earnings multiples on U.S. equities contracted last year because corporate profits grew faster than expected while the market was locked down by inflation fears. Those fears should abate as the Fed eases off, and we should see valuations expand.

A typical economic recovery will see job growth north of 220,000 new jobs a month. And we've had very few months above that level. So, this job market looks stable, but not robust, and that is what will put restraint on the Fed in 2006.