Heaven forbid there is another attack and the impact of this becomes broader then you could see a longer-term effect, ... it's not going to change the basic outlook for stocks and the economy.
More Quotes from 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
It doesn't take a lot to get people worried. It just comes down to oil and interest rates.
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
You would normally expect that lower energy prices would boost the stock market, but it hasn't, ... Lower energy prices and lower energy stocks suggest that there is a broader worry about economic growth.
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
There are no real visible signs of economic weakness. It's a wonderful world except for oil.
Stephen Leeb
Readers Who Like This Quotation Also Like:
Based on Topics: Heaven QuotesBased on Keywords: longer-term
The Long and the Short and the Tall made a great impression on me because it was a very ugly tale about the reality of soldiering at a time when we were being gung-ho about the whole thing of war.
Timothy West
It's a play where something went wrong, 'Cause it's five hours, twelve minutes long. If you sit there, my friend, From beginning 'til end, Then your bladder better be strong!
Allan Sherman
Don't be a bottleneck. If a matter is not a decision for the President or you, delegate it. Force responsibility down and out. Find problem areas, add structure and delegate. The pressure is to do the reverse. Resist it.
Donald Rumsfeld