David Blitzer
David Blitzer
bet next repeated
The bet is that this will not be repeated next month.
agreement calculate corporate earnings everybody instead people problem three virtually
The problem is that instead of having one way to calculate corporate earnings that everybody understands, we have two or three methods. And the one that most people use, there is virtually no agreement at all about what it means.
host inflation reports seen vanished
We've seen in a whole host of reports ... inflation has essentially vanished from this economy.
earnings sustained until
I think we have to get through the earnings until we see a sustained advance.
chose exception generally japan markets obviously periods stock wrong
Over long periods of time, stock markets generally go up. Japan was obviously an exception if you chose the wrong 12 years.
aware chasing investors managers performance
Large-cap managers have been chasing the performance of mid- and small-cap stocks, and investors may not be aware of this.
cutting danger inflation main point risk slow
From their point of view, there's no inflation danger. The main risk is to slow growth, and they should keep cutting rates.
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.
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.
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.
fairly narrow worry
I think it's a fairly narrow change. I don't think it's anything to worry about.
call collapse commodity companies competitor deal involved sector seen virtually whether
Whether you call it consolidation, rationalization or getting your competitor to go out of business, it's a way for these companies to effectively deal with the collapse of commodity prices. In virtually every sector involved in something that comes out of the ground, we've seen consolidation.
buy food home oil people
People will stockpile food, home heating oil if they can buy it.
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,