David Blitzer
David Blitzer
hit knew last late low number oil time
This was one time hit from oil prices, ... We knew oil had to go up from an unsustainably low number late last year.
addition candidate case chuck clearly company criteria extreme plug pull time
Clearly, in the extreme case there comes a time when we pull the plug and chuck a company out but we want to keep turnover really low, ... But if a company clearly and substantially violates the addition criteria it's a candidate for removal.
invest later majority managers missed months people run silly stock stocks talking trading vast
Clearly, if we take a stock out at $2, and 6 months later it's trading at $10, we look silly and people who invest in the index will say, 'I missed a five-times gain'. But in talking to people who run index funds, the vast majority of managers say take the low-priced stocks out,
impact numbers seen suggest
These numbers suggest there is no impact to be seen from all the difficulties in Asia.
assume chinese markets open position
For the Chinese equities markets to assume its position in the world, it must open up.
definitely economy feeling few general good last weeks
The general good feeling about the economy of the last few weeks is definitely still here.
absolutely asian early economy hit impact late spring
The economy right now is absolutely fantastic, but I think the Asian impact is still to come. The big hit is probably to come in late spring or early summer.
cut data employment fed fence hurry points saw whether
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.
data employment
The employment data showed a lot of weakness,
believe caps data edge exposure large smaller
The equal-weighted index will give you more exposure to smaller stocks. If you believe that small caps outperform large caps, and most data suggests they do, then the equal-weight should give you a small edge over long periods.
accounting companies company consistent earnings figure number rules tells together
Increasingly, companies would pretty much write their own accounting rules when they put together their earnings releases. We said to ourselves, let's figure out how to do this the right way so the earnings number really tells us something about what's going on and the number is consistent from company to company.
consumers demand extremely imports increase large oil played points prices role strong
Imports are extremely strong because there's a lot of demand from consumers for goods. The increase in oil prices played a large role in that but, it still points to an extremely strong economy.