It doesn't take a lot to get people worried. It just comes down to oil and interest rates.
More Quotes from Stephen Leeb:
You're getting AOL for less than nothing. Time Warner's assets are worth substantially more than the price of the valuation of the stock. It's that simple,Stephen Leeb
First of all, (AOL) stock is down ... 50, 60 percent from its high, ... And it really hasn't changed its spots. I mean my grandchildren, if I'm lucky enough to have grandchildren, and their grandchildren are still going to know about Bugs Bunny and Time magazine. AOL is here for the count. (The stock) could end up earning a buck a share next year, maybe even a little bit more than that, 15-to-18 percent growth. Where do you get that kind of quality at that kind of price (That's) very, very difficult to find.
Stephen Leeb
We are dependent on the kindness of rogues. Most developed countries are producing all they can and have to import oil. Underdeveloped countries with unstable political systems are the major sources of oil.
Stephen Leeb
If the retail sales number is a little lighter than forecast, that may be seen as bullish for stocks in that it takes the edge off the inflation issue,
Stephen Leeb
Goldman Sachs ... yesterday took it off their recommended list for reasons that made no sense whatsoever. This is as high a quality company as you can imagine. They did make some round-trip energy trades, there's no doubt, but they amounted to one quarter of one percent of their business. It had no effect on their profits. Energy trading is about 65 cents or about 30 percent of Duke's earnings. I would just buy Duke with my eyes closed at this point.
Stephen Leeb
There are no real visible signs of economic weakness. It's a wonderful world except for oil.
Stephen Leeb
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It is not wisdom but Authority that makes a law.
Thomas Hobbes
You've got to love what you're doing. If you love it, you can overcome any handicap or the soreness or all the aches and pains, and continue to play for a long, long time.
Gordie Howe