Certainly I think the lower-income consumer is feeling pinched.
More Quotes from Quincy Krosby:
The market gets used to certain prices. But if we get to 80 oil, that is new to the market and something that attracts attention.Quincy Krosby
We may now see a pullback in spending. This winter and this Christmas shopping season are going to be the test case and we're going to see if this is the tipping point for the consumer.
Quincy Krosby
There is competition for customers, and banks are sweetening the yields.
Quincy Krosby
If you are Mrs. Smith watching TV, seeing images of the hurricane, seeing (former House majority leader) Tom DeLay get indicted, watching the president's approval ratings sink, you say to yourself 'What's going on here' Are you going to feel confident No. Are you going to put money to work No.
Quincy Krosby
Overall the earnings have been very solid. It gives the market confidence to go higher.
Quincy Krosby
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