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
commented equity improving line market stepped thin
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.
believe continue investors market
We continue to believe that the market is riskier and more speculative than most investors believe.
consumer emerging failed global growth housing hurt investors link market percent remains
I think many investors have failed to make the link between global growth and the U.S. housing market. The U.S. consumer remains 20 percent of the global economy, and a slowdown in housing and, in turn, U.S. consumption could hurt emerging market exports.
consumer correction housing largest market posing risk seriously
From our lens, the U.S. housing market has become seriously overextended and a correction looms, posing the largest risk to 2006 consumer spending.
flat market past people realize seven ups
I don't think people realize the market has been flat for the past seven years ? people don't realize that because there have been big ups and downs. But without market volatility, the market hasn't done much.
hurt last market rally relief seeing today
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.
argue certainly concerned fear market negatives people point quite
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.
hurt last market rally relief seeing today
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.
improving line market thin
There is a thin line between a liquidity-driven market that anticipates improving fundamentals and a bubble,
companies earnings half history market might producing reward second tax
The market might reward some companies during the second half of 2004 for producing better-than-expected earnings because of the tax windfall, ... but history suggests that the market will penalize those same companies if their earnings decelerate in 2005 from 2004's tax-induced growth.
balance based cycle income investors picking profits selection sheet sheets statement statements stock strong switch tend time variables
We think it is now time for investors to switch from income statement variables to balance sheet variables when picking stocks, ... Portfolios in which stock selection was based on strong balance sheets tend to outperform those based on income statements when the profits cycle decelerates.
came huge issue passionate since transit
I've been passionate about this ever since I came on the board; transit is a huge issue for me.
near
S&P 500 valuations, by some measures, are near or at all-time highs,
investors late private
Private investors are usually late to the party.