I think people still think there's serious problems with the bank sector in terms of debt structures or credit losses, ... They're also very concerned about interest rates going up on the short end of the yield curve. Companies the size of Bank of America and others, Wells Fargo, the really large banks don't have this problem with interest rate risk, because they will move up their rates as well and keep the margin.
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Our overall 2006 bullishness remains intact, as an attractive buying opportunity is being set up.
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The Fed has worked too hard to reinvigorate the economy after a series of shocks, in our opinion, to drive everything back down,
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The investment community currently seems to be gleaning more of its market insight from the headlines scrolling across CNN and Fox news Channel than from underlying business fundamentals,
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McManus has been right, but so what ... You have forces at work that don't have anything to do with strategy. In an environment where everybody is losing money, this directional stuff isn't that important. People are playing a lot of defense.
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There could be a hiccup at the beginning of the year, but we would look at that as a buying opportunity.
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Do not fear death so much but rather the inadequate life.
Bertolt Brecht
If you think of yourselves as helpless and ineffectual, it is certain that you will create a despotic government to be your master. The wise despot, therefore, maintains among his subjects a popular sense that they are helpless and ineffectual.
Frank Herbert
A meal can be an erotic experience in itself.
Alex Comfort