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?
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,
people rhetoric stealing talking three turned ugly
This was a pretty ugly weekend. You've got to say that the rhetoric got turned up two or three notches with people talking about stealing an election,
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.
affect august helps hike issues jones market people pocketbook rate sold talk
I really think when you talk about pocketbook issues that affect the electorate, people think about the Nasdaq (composite index) and the Dow Jones (industrial average). If we got another rate hike and the market sold off on that, I think people would be displeased. If there's no rate hike on August 22 and the market rallies, you've got to say that helps (Al) Gore.
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.
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.
markets quick viewing
Right now the markets are viewing this as if it's going to be quick and painless.
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.
eventual hollow perhaps situation tainted victory winner won
You have to say that it could be a hollow victory, a pyrrhic victory, for the eventual winner if you will. We had a situation back in 1876, I'm told, where Rutherford B. Hayes won, but he was called Ruther 'fraud' B. Hayes for his whole term, and I think there's going to be a lot of sniping at the eventual winner as someone perhaps who won a tainted election,
bubble close concerned economic fed full growth housing market occasions percent possible rare
We should have economic growth of more than 3 percent this quarter. I think the Fed is concerned about a possible housing bubble and about us getting close to full employment. I think this is one of the rare occasions were the market has it wrong.
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.
bottom bush line
My bottom line is that this not catastrophic for the Bush agenda,