Stephen Leeb
Stephen Leeb
Stephen Leebis an American economist and author...
faster fed move pressure stronger
There's some pressure on the Fed now to move faster because of the stronger reports,
damage fairly few likely next reaction stock weeks
The stock reaction over the next few weeks is likely to be fairly neutral, with a lot of the damage already factored into prices.
below benign interest looking low market negative note rates stock yield
The stock market is looking at a pretty benign economy, low interest rates and a 10-year note yield that is below 4 percent, all positives. But then there's the big negative -- oil.
corporate head higher oil prices profits situation stock stronger suddenly turned
The situation would be turned on its head if oil prices were to suddenly tumble to $35. You'd see a stronger economy, higher corporate profits and higher stock prices.
aol bit buck bugs bunny changed difficult earning lucky maybe mean next percent quality share stock time
First of all, (AOL) stock is down ... 50, 60 percent from its high, ... And it really hasn't changed its spots. I mean my grandchildren, if I'm lucky enough to have grandchildren, and their grandchildren are still going to know about Bugs Bunny and Time magazine. AOL is here for the count. (The stock) could end up earning a buck a share next year, maybe even a little bit more than that, 15-to-18 percent growth. Where do you get that kind of quality at that kind of price? (That's) very, very difficult to find.
interest oil people
It doesn't take a lot to get people worried. It just comes down to oil and interest rates.
problem supply
The problem is I don't think you're going to get that kind of break, ... There's no way supply is going to keep up with demand.
absolutely begin certainly growth industry inventory reasonable saw talked
Everyone has talked about the industry making a comeback, but I never really thought it was down to begin with. There were certainly inventory issues. But, you had an absolutely blockbuster 2003 and in 2004 you saw reasonable growth - if that's bad, then we'll take it.
almost energy higher leading lower market
It's almost like energy is leading the market higher and lower at the same time.
economic verge
We are probably on the verge of an economic recovery.
backed bit double economy higher increasing market oil remains revolves slowing
I think the market very much revolves around oil, which backed off a bit this week, but remains over $65 a barrel. Higher oil is a double whammy for the market, slowing the economy and increasing inflation.
boost broader economic energy expect lower normally prices stock stocks suggest worry
You would normally expect that lower energy prices would boost the stock market, but it hasn't, ... Lower energy prices and lower energy stocks suggest that there is a broader worry about economic growth.
aol assets less price time worth
You're getting AOL for less than nothing. Time Warner's assets are worth substantially more than the price of the valuation of the stock. It's that simple,
economic except signs visible wonderful
There are no real visible signs of economic weakness. It's a wonderful world except for oil.