Greg Valliere
Greg Valliere
bad clearly economy expecting good jason labor markets number people secretary sending signal underlying wonder
Things aren't as bad as Jason (Furman) said but they're not as good as the labor secretary said, ... The markets clearly were expecting a better number than 96,000. You've got to wonder ... are corporations sending us a signal that the underlying economy is not as good as people thought?
markets quick viewing
Right now the markets are viewing this as if it's going to be quick and painless.
bigger commentary concern key knows markets nobody obviously patch price soft understanding
That's a commentary that the markets think the bigger concern is the soft patch, not inflation, ... Nobody knows how big a soft patch this is. The key to understanding a lot of this is obviously the price of oil.
begun markets maybe outcome reason worry
That may be one of reason (the Dow is) 9,800 -- maybe the markets have already begun to worry about the outcome not being known.
decide four games kerry markets people perceive perceived point red row sore three today together won
The Red Sox won four games in a row after being down three nothing, so anything is possible,but I think the markets would perceive this as a long shot. I think at some point today (Wednesday) Kerry and his people get together and decide they don't want to be perceived as sore losers.
comparable delay markets perceive talking temporary
This is not comparable to 2000. If we were talking 3,000 or 4,000 votes, it'd be a big story. But I think the markets will perceive this as a temporary delay of the inevitable.
chance cliche days december drag markets true won
I'm up to a one-in-three chance that we will not know for days who won the election. And it could really drag on through December again. It's a cliche but it's a true cliche, that markets don't like uncertainty.
markets top
If you look at who the markets would be the most comfortable with, and that has to be one of the top criteria, then Feldstein has got to be the No. 1 pick,
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.
clear clue fed might prepared statement
The wording of the statement will be very significant ? does it make it clear that the Fed is prepared to do more. It will be an important clue about what we might get going forward.
almost angst billion cut cuts five mild spending though
Even though there's a lot of angst over the budget, a cut of $56 billion over five years, or $40 billion in spending cuts over five years, is pretty mild ? it's almost a rounding error.
appeals date due felt great jackson job judge late microsoft moved opening people process talked yesterday
Even people who don't like Microsoft we talked to late yesterday were shocked. They felt this could give Microsoft an opening in the appeals process to claim, 'We didn't get due process, this judge was too impetuous, he moved too quickly.' Considering how great a job Jackson has done, for him to give Microsoft an opening at this late date was a little surprising.
late microsoft people talked yesterday
Even people who don't like Microsoft we talked to late yesterday were shocked,