Greg Valliere
Greg Valliere
bottom bush line
My bottom line is that this not catastrophic for the Bush agenda,
agree cuts democrats fiscal might payroll rate side tax
We'll probably get more rate cuts tomorrow, but I think you will probably see something on the fiscal side too. You may even get a little more on the tax side. Even Democrats agree that we might need a payroll tax cut,
higher knows layoffs moving seen start
I think everyone knows it will start moving higher because of all the layoffs we've seen so that will probably just tell us what we already know,
blow case certainly clients clinton house issue resigned senate tougher wall
That's the question, certainly, for all our clients on Wall Street. They're resigned to Clinton getting re-elected, but the real issue is if it's not by 10 points, but by 18 or 19 -- if it's the latter, then I think certainly the House will go Democratic, ... The Senate is a tougher case to make, but in a blow out, even the Senate could go.
afford doubt influence republican tilt warren
He can afford to tilt at windmills, because he's Warren Buffett. But I doubt he can really influence the Republican leadership.
absorb country experience people
For the people who experience it, it's a tragedy, but for the country as a whole, we can absorb it.
close fed
This idea that the Fed is close to done is very puzzling,
consumer critical key spending variable
The key variable here is the consumer. As of now, consumer spending is way down so that may be the most critical thing they'll look at,
august congress decides doubt eighth fed light measured member move point press rate tunnel
If I was a member of Congress I'd try to press him on is there a light at the end of the tunnel on measured rate hikes, and at what point the Fed decides enough is enough. You have to think after the August move we probably are in the eighth inning, but I doubt he'll be that explicit.
auto computer consumer cut economy fed gift good mediocre needs position rates realize recession shows stock terrible time tomorrow wonderful
You've got a recession in the auto and computer industries, you've got inventories piling up, you've got mediocre consumer spending, you've got a terrible stock market. I think the time to cut rates is now and I think they are in a good position to do it. If the Fed shows tomorrow that they realize this economy needs stimulus, I think it would be a wonderful gift for the stock market.
happy markets perfectly
The markets would be perfectly happy with gridlock.
kerry markets oblivious recently until
The markets until recently have been oblivious to the possibility of a Kerry win.
forget gas natural oil
And forget about getting any new oil or natural gas out of Alaska.
form general gore quite rhetoric tone
The general tone of the rhetoric form Gore has been quite hostile.