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
economic fed indeed perhaps slowing weather
It will be interesting to see if these companies' misfortunes are indeed attributable to weather and temporary, or perhaps better attributable to the Fed and slowing economic growth.
They could have diversified their holdings 2, 5 or even 10 years ago.
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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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The day that you should be concerned about the market is a day when there is no fear about what's going on. Certainly we have innumerable negatives that people can point to right now. I would argue that's actually quite healthy.
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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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There is a thin line between a liquidity-driven market that anticipates improving fundamentals and a bubble,
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Our students just got hit with an 18.5 percent increase in tuition, and now gas prices are causing a crisis. We are going to lose students on the edge. They cannot deal with all these increases all at once.
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The big telecoms still have to be among the most disliked stocks in the world. They are so under-owned that if we see a continuation of more good news than bad, the stocks will perform quite well.
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The more generators sold, the more consumer confidence has been hurt, as this would tend to indicate that people do not trust the infrastructure currently in place. If, however, consumers shrug off the ... situation and relatively few generators are sold, then this would be perceived as a positive.
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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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At the rate it's going right now, profitability will accelerate, but at a very, very slow pace, ... much slower than what's implied by valuation in the market.