The employment data showed a lot of weakness. Before that, I was on the fence about whether the Fed would cut 25 (basis) points or 50, but I got off in a hurry when I saw that.
More Quotes from David Blitzer:
Whether you call it consolidation, rationalization or getting your competitor to go out of business, it's a way for these companies to effectively deal with the collapse of commodity prices. In virtually every sector involved in something that comes out of the ground, we've seen consolidation.David Blitzer
People will stockpile food, home heating oil if they can buy it.
David Blitzer
Over long periods of time, stock markets generally go up. Japan was obviously an exception if you chose the wrong 12 years.
David Blitzer
For the Chinese equities markets to assume its position in the world, it must open up.
David Blitzer
The problem is that instead of having one way to calculate corporate earnings that everybody understands, we have two or three methods. And the one that most people use, there is virtually no agreement at all about what it means.
David Blitzer
A lot of companies are feeling increasing pressure to be responsive to their shareholders and to make sure their shareholders are sharing their profits. One way to do that is to raise dividends.
David Blitzer
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