Jeffrey Saut
Jeffrey Saut
clearly combined consumers gallon gas gasoline great natural number point three
Consumers are clearly being impacted by the three hurricanes, ... That, combined with natural gas and gasoline prices, is having an effect. I think $3 a gallon gasoline is the tipping point to a consumer that is under siege. But this number is really no great surprise.
claims coming gap lows market trade
The narrowing of the trade gap and claims coming in at four-year lows has a lot to do with today's market action.
bullish time
The time to be bullish was back in October.
assumption complacent earnings economy highs interest market mending momentum oil people prices rates record rising slowing terrorist
The market is not priced for oil prices at record highs and rising interest rates and slowing earnings momentum and terrorist worries. People are pretty complacent out there. The assumption is that the economy is mending and that this will be a robust, self-sustaining recovery.
came consistent employment fed friday last number quarter
The employment number that came out last Friday is consistent with a muddling economy. It's a fait accompli that the Fed will go up just a quarter point,
economy grew historic nowhere optimistic percent stocks talk
The cheerleaders talk about the economy growing, but the economy grew at 7 percent from 1966 to 1982, while stocks went nowhere because valuations were too optimistic. And they're optimistic now, by historic measurements.