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.
More Quotes from Stephen Leeb:
It doesn't take a lot to get people worried. It just comes down to oil and interest rates.Stephen Leeb
There are no real visible signs of economic weakness. It's a wonderful world except for oil.
Stephen Leeb
It's almost like energy is leading the market higher and lower at the same time.
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
Everyone has talked about the industry making a comeback, but I never really thought it was down to begin with. There were certainly inventory issues. But, you had an absolutely blockbuster 2003 and in 2004 you saw reasonable growth - if that's bad, then we'll take it.
Stephen Leeb
First of all, (AOL) stock is down ... 50, 60 percent from its high, ... And it really hasn't changed its spots. I mean my grandchildren, if I'm lucky enough to have grandchildren, and their grandchildren are still going to know about Bugs Bunny and Time magazine. AOL is here for the count. (The stock) could end up earning a buck a share next year, maybe even a little bit more than that, 15-to-18 percent growth. Where do you get that kind of quality at that kind of price (That's) very, very difficult to find.
Stephen Leeb
Readers Who Like This Quotation Also Like:
I've got no plans to be a ballet dancer at the moment.Neil Patrick Harris
Nothing remains great without a capacity to change and to accommodate the conditions of a changing world.
John Ashcroft
Ya gots to work with what you gots to work with.
Stevie Wonder