David Blitzer
David Blitzer
bet next repeated
The bet is that this will not be repeated next month.
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.
impact numbers seen suggest
These numbers suggest there is no impact to be seen from all the difficulties in Asia.
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.
add difficult pressure pricing profit raise together
There's not a lot of pricing flexibility, there is a little more upward pressure on wages, and when you add that all together it can be very difficult to raise profit margins.
points
there's nothing here that really points to any near-term inflationary dangers.
cap change expect expenses funds large less lower operating reflection segment tracking
This change makes the S&P 500 a better reflection of the large cap segment of the U.S. equities market. Index funds and exchange-traded funds can expect lower operating and transaction expenses and less tracking error.
continues focus investing investment
This investment continues our focus of investing in high-quality, stable, cash-generative businesses.
beginning far horrendous
As horrendous as it looks, I'm beginning to feel we're not that far from a bottom.
alan
As long as Alan Greenspan's not frowning, I'm not too worried.
change due impact investors low mergers number time unusually year
This is a year of unusually low S&P index turnover due to the low number of mergers and acquisitions in the large-cap sector. So we are making the change at a time when the impact on index investors will be minimized.
bullish difficult everybody fantastic feels indeed looks market sentiment stock thinks wrong
The stock market suggests that there is fantastic bullish sentiment -- everybody feels good, looks good, thinks wonderfully of this economy, and indeed it is very difficult to say anything wrong about this economy,
cut fed half market positive quarter realm stock within yawn
The stock market reaction, if they cut a quarter point, probably will be as much a yawn as anything else. If the Fed would go for half a point, which is within the realm of possibility, I think it would get a positive reaction.
august clearly gm plus quarter rebound second soft until weakness work
The second quarter was clearly a soft quarter, there was a lot of weakness in manufacturing. I think we'll see a rebound but it won't show up until the August numbers. Getting GM back to work will be a big plus in getting things going again.