Greg Valliere
Greg Valliere
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,
adage bad careful classic karma prove smacks start talking turns wish
I think it's bad karma when you start talking down your own currency; it smacks of desperation. If this turns into a rout, that will prove that classic adage -- be careful what you wish for.
becomes blue bush call fat feeling might radical ribbon start talking target tax
The feeling is that Bush might call for a study, a commission, a blue ribbon panel on tax change, but that, if you start talking about radical tax reform, it becomes a big, fat target for criticism.
economy fiscal good largest monetary seen starts stimulus stocks
The combination of fiscal and monetary stimulus right now is the largest I've seen in years. It's good for GDP. If the economy starts to hum, stocks should do well.
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?
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.
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,
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,