North Fork was really feeling the pressures from its balance sheet.
More Quotes from Jeff Davis:
There's cash on the sidelines and a lack of buying commitment as people wait until they can sort out the earnings coming in this week, ... People are waiting to hear if any new trends developed at the end of the quarter, and what they can extrapolate from that about the second and third quarters. In that kind of environment, it's easy to have a little selling.Jeff Davis
Whitney is the big question mark ... But Whitney also has among the very best underwriting standards in the country. It will serve them very well.
Jeff Davis
There was nothing in there that fit into the definition of damages that in our estimation would be covered under our policy.
Jeff Davis
My sister is at peace with herself. I'm proud that she came forward, never sorry for the things my sister does.
Jeff Davis
I expect we'll see a choppy first half, but by the second half we'll see gains.
Jeff Davis
I guess the big issue is whether you can sustain profit growth, and everybody's looking at certain factors that will influence the ability for companies to report -- well, for above consensus expectations -- a good report. I think commodity prices, rising interest rates, are having a lagged negative effect on some earnings of major leading corporations. It's not impacting this quarter, but probably the third and the fourth quarter. So you're going to have some diminishing expectations of profit growth, which at these valuation levels could have a somewhat negative impact on price levels,
Jeff Davis
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