Khuram Chaudhry Quotes (22 Quotes)


    There is a little bit of uncertainty about what exactly Mr. Greenspan will say today. Investors want to hear about interest rates. Yes, the economy has shown some signs of suffering recently, but that's countered by other data indicating continued improvement overall. Investors are cautious until they hear more from Greenspan today.

    We could see more of the same today, Europe is still moving lower on the back of where the U.S. was and the catalysts just don't seem to be there.

    We've seen a lot of bad news emerge from the U.S., ... and it's likely to continue with regard to European companies.

    Markets in Europe moved down after a turnaround in the U. S. markets. The good news was that the Bank of England cut interest rates at the same time other European bourses and the Bank of Japan joined in,

    Iraq is still impinging on the market making any move firmer. My concern is that it is going to become more of an issue as we enter next year.


    In that environment, markets could retest lows, but if we get the policy response then we'll get more of a rally.

    We've had very sharp moves both in the U.S. and international markets,

    The worse the outlook for corporate profits the better it's becoming for investors who are beginning to sense that perhaps the central bank will not raise interest rates again, ... When liquidity is in poor supply, it's good for stocks versus other asset classes.

    We are in the midst of the third-quarter reporting season and it's quite likely the numbers will meet expectations or be below, so there is still scope for bad news.

    There's a 5050 chance of whether the Fed will raise rates today. The general view is that rates will go up in the United States, it's whether they go up today or not.

    We're finding that the data from the U.S. on industrial activity were pretty weak. It's so-so on the consumer although housing activity is still holding up. When you look at Europe, Sweden and Hungary both cut interest rates this week.

    All eyes are on the Fed's decision expected later today (Wednesday). We've seen some downward pressure, especially on some of the telecom names, particularly France Telecom, and in also on some German stocks. But the main driver has been what happens with the Fed decision today,

    There is U.S. existing home sales data out today that is quite key with what's happening with the state of the U.S. consumer. I think the consensus view is that you're still likely to see a great hold up, but if the data oppose that view it could have some impact on the markets.

    The European markets rebounded from earlier today, but a lot of uncertainty remains in the markets. First there's the political backdrop. Secondly, with regard to the U.S. data on Friday, we had U.S. labor figures which weren't too encouraging. But markets across Europe have made considerable headway since Sept. 11. There's a degree of profit-taking going on.

    I think the focus in the U.S. is on economic data coming out -- things like U.S. import prices. You find a weak dollar will translate into higher import prices, ... In corporate news, Cisco's numbers could have a positive impact, it was helping some of the European tech stocks early ... but European bourses have pulled back a bit.

    Today has been different from the past few weeks as we have seen real capitulation in the market as every stock and every sector is down.

    These three data points from Europe and Bill Gross' comments Tuesday do support speculation about the Federal Reserve rethinking its rates policy.

    If there are no interest rate cuts before the end of the year, the concern will be that we are going down the deflation road, since economic data is unlikely to turn up of its own accord,

    It looks like the worse the outlook for corporate profits the better it's becoming for investors who are beginning to sense that perhaps the central bank will not raise interest rates again.

    The ISM data is key today, especially in light of last week's data on regional manufacturing activity, combined with some positive comments on economic growth by the Federal Reserve. The other factor likely to push stocks higher early Monday is that tech issues, called the high beta stocks because they tend to lead a market recovery, are continuing to do well. That's certainly a plus for the market.

    The Royal DutchShell story could be a drag on the sector today.

    The markets are still very defensive in tone. Airlines are still being hit quite sharply. But we saw some renewed interest in some of the telecommunication names.


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