Ernie Ankrim
Ernie Ankrim
anyone doubt intellect
I don't think he did anything to make anyone doubt his strength, intellect or willingness to listen. And that is good.
delight economy fed great growth jeopardize market mind modest taking telling year
What the Fed is telling us here is that they are not of the mind to put so much tightness on the economy as to jeopardize modest growth in the year ahead, and the market is taking great delight in that.
buy effect people trivial
Even if it's trivial things like people don't buy another pizza, this, on the margin, has an effect on the economy.
attracted certainly continues energy growth increasing perform seeing start stocks technology
Certainly energy continues to do well, but technology has also attracted increasing amounts of funds, and we're seeing growth stocks start to perform better than they have for some time.
far inflation
There have not been any big blips in inflation (so far this year),
beyond economic economy fed increase interest last might necessary poses possible rates risk strength table taken
Economic strength poses a possible risk that the Fed might find it necessary to increase interest rates even beyond May. With that comes the risk that the economy could be slowed substantially, which is something that had been taken off the table at least in the last month.
attract continue market quarter strength underlying
It will be all the disappointments that attract everyone's attention. They will get the headlines, but the underlying strength of the market will continue through this quarter easily.
cash continue corporate earnings
We've got astonishing amounts of corporate cash and the earnings continue to come in strong,
fed intentions investors might perceive rise signals stocks
Once the Fed signals its intentions or investors perceive that the end is near, stocks might rise strongly.
continue fear fed
The fear that the Fed will continue well into 2006 has been dramatically reduced, and that's why equities look so good.
convinced exactly market overly
I'm not exactly convinced that this market is overly bullish.
data fed impetus move prices raising says stop upside
The impetus for equities prices to move dramatically to the upside will come from the data that says the Fed can stop raising rates. Today's data really didn't say that.
economy housing indicate last numbers report strength today week
The housing report today and other numbers from last week indicate more strength in this economy than had previously been thought.
fed increasing looking stop
We're all looking to see when the Fed will stop increasing short-term rates.