Richard Bernstein
Richard Bernstein
Richard Bernsteinis an American journalist, columnist, and author. He writes the Letter from America column for The International Herald Tribune. He was a book critic at The New York Times and a foreign correspondent for both Time magazine and The New York Times in Europe and Asia...
ProfessionJournalist
Date of Birth5 May 1944
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Today all you're probably seeing is a weakness prior to the G8 meeting this weekend, and a lot of uncertainty in Indonesia and Asia,
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Historically, S&P 500 earnings growth, on average, has been negative when the dollar has appreciated 10 percent or more in a 12-month period.
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History suggests that the most powerful factor influencing the profit cycle is pricing power.
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There are some unquestionable areas where it has been studied and shown to have benefit in very particular areas, for example chiropractic care.
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We remain doubtful that the Fed is indeed 'done,' which has become the overwhelming consensus. We believe they will be more vigilant against inflation.
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What we're seeing today is a relief rally from last week, ... There is really nothing to hurt the market today. All the techs are rebounding well.
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We continue to believe that there is considerably more downside risk than upside risk to the equity market,
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We continue to believe that the market is riskier and more speculative than most investors believe.
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We continue to believe that longer-term investors should focus on yield.
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We are truly amazed by this incremental bullishness.
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The quality of earnings is the poorest in my career.
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We have commented that there is a thin line between a liquidity-driven market that anticipates improving fundamentals and a bubble. The equity market may have stepped over that line.
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Most individual investors get caught up in the hype. They forget that the constant reinvestment of dividends can be a huge component of building wealth.
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People who want to watch the Fed need to be very careful,