David Blitzer
David Blitzer
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.
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.
asset biggest concerns extremely home housing increased information largest majority period possible prices reliable rising valuable vast
For the vast majority of Americans, their home is their largest and most valuable asset, and in a period of rising housing prices and increased concerns about a possible housing bubble, reliable information on their biggest asset is extremely important.
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.
bet next repeated
The bet is that this will not be repeated next month.
impact numbers seen suggest
These numbers suggest there is no impact to be seen from all the difficulties in Asia.
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,