There are no real visible signs of economic weakness. It's a wonderful world except for oil.
More Quotes from Stephen Leeb:
The stock market is looking at a pretty benign economy, low interest rates and a 10-year note yield that is below 4 percent, all positives. But then there's the big negative -- oil.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
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
It doesn't take a lot to get people worried. It just comes down to oil and interest rates.
Stephen Leeb
The Fed is going to be the key driver for the stock market next week. But additionally, the driver will be the bond market reaction to the Fed and what that implies for interest rates going forward.
Stephen Leeb
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I don't think there's much point in bemoaning the state of the world unless there's some way you can think of to improve it. Otherwise, don't bother writing a book; go and find a tropical island and lie in the sun.
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In 1917 - as we have seen, - Italy suffered a great reverse, losing 200,000 soldiers and immense supplies.
Kelly Miller