David Joy
David Joy
america corporate last looks though
They profited from that last year, and it looks as though corporate America is positioned to do the same or more this year.
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The upshot of the process is that one partner will be left. We're keen to get it resolved as soon as possible.
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Normally, you buy back a lot of stock when you don't think there's any reason to invest in your own company, ... Parsons hasn't ruled out Icahn's suggestions, but it's clear he wants his flexibility.
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Normally I'd say it's just a number but I think it's relatively important this time around. If we break through 11,000, it might be indicative of a general feeling that the economic expansion is more broadly based.
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Part of the reason we see inflation rising next year is the dollar. Clearly, there is upward pressure on prices because of the falling dollar.
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Some of the tax proposals that are part of the Democratic platform do call for the rollback of dividend tax cuts. That has a direct impact on the stock market.
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Clearly the far more important factor for tech is the relative strength of the economy. It trumps the dollar situation. But if the dollar improves, it does take the bloom off the rose for some of the sales numbers that companies have reported.
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Higher oil prices, concerns about rising interest rates here and in Europe, and weak economic data are all pushing the markets down today. The scenario is not clear enough for investors to support sustained gains in stocks.
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The labor market is important to the Fed under any circumstances. Once you get rising wage pressure that's when inflation gets intractable.
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The Fed has been the big question mark for the market. I'm afraid the Fed is not going to get out of the way any time soon.
They will probably have to make some estimations.
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In the early 1990s, we were coming out of a recession and you typically expect a burst of tech spending. That's what we witnessed last year. That pattern is quite analogous.
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The evidence of gathering economic strength is becoming increasingly difficult to ignore.
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The market is going to sort of tread water until we hear the results of the (Fed) meeting and what the Fed has to say about their decision. That's the 500-pound gorilla of events next week.