Ronald Hill Quotations

Three things out there: very, very positive liquidity, a growing economy, and rising corporate profits. Put those three things together stock prices have only one way to go and that's up.

The fact that hourly wages were so small and, in fact, the work week was down -- it is very positive. It means there are not a lot of wage pressures, not a lot of demands to add new workers.

If we started to hit some new lows intraday on the Dow and the Transports, a lot of people would sell because a number of newsletters follow the theory and a lot of fast money trades off the Dow Theory.

I think you're still set for new highs in 1998, probably about 10 percent or so on the S&P 500. We've done 25 percent so far this year on the S&P. Reduce your expectations but I still think stocks will beat bonds and cash in 1998.

I think there's probably at least another 50 point hike before the election, and then if the economy doesn't slow in the third quarter, watch for the stock market to anticipate more after the election, because from September to November, they are likely to be quiet,

I think the really big leadership can change, ... Like financials were the leadership in the early part of the 1990s bull market.

I think IBM will come back, too. This company is making tremendous progress here.

I think health care companies are likely to grow profits three times or faster than the S&P 500 next year again, ... I think those are looking remarkably good.

I think the stock market (will) continue high no matter who wins, ... because of excess liquidity, steady growth and rising profits.

When you research companies, they now have a statement on Y2K compliance, which they are required to give you,

We're looking at a 9 percent correction. But at the end of the day, there's not enough pressure yet to cause a recession, so corporate earnings will continue to come through.

We like the way they are continuing to build out what they offer for the Internet,

We were surprised because it was a little light on the top line.

What is happening is a little like what happened in the 1920s, the period where demand growth was quite strong but supply growth was even faster. You had new technology then, it was electric power. Now its computing power.

Earnings actually have been very good in the second quarter. Sixty percent of the companies reporting so far have been upside surprises. That's not quite as aggressive at this point as the first quarter reports were, but still a very good performance in a weak quarter.

(FedEx) is really a play on the broad based global recovery. Sort of moving out of the truckers, moving into the international people away from a strict domestic U.S. focus, more toward international focus,

There's still plenty of liquidity. Earnings have been spectacular, over two-thirds of the companies reporting so far in the S&P 500 have had upside surprises, ... Remember, strong growth gives you strong earnings. And the key thing is that inflation is still somewhere over the horizon.

The stock tends to run and then rest, run and then rest,

The semiconductor group is not terribly expensive, ... This is the bottom of the food chain in technology, and that's where you want to be.

Our sense is there's not a whole lot left in the bond market because we're not worried about recession. We're certainly not worried about profits and so I think the money comes back to stocks before too much longer.

Often it will be in the annual report. Certainly, securities analysts are continuously asking the question to make sure that in fact the companies are up to speed.

A deficit of only $8.4 billion in fact is not as much of a drag on GDP growth. It keeps things faster and also means that American exports continue to remain competitive in a market where the world is growing generally slower than we are.

A deficit of only $8.4 billion in fact is not as much of a drag on GDP growth, ... It keeps things faster and also means that American exports continue to remain competitive in a market where the world is growing generally slower than we are.

Actually, earnings estimates will be rising, and normally when rising earnings are occurring for the technology company, the stock will follow along.

Despite the payroll employment number being higher than expected, the fact that average hourly wages were so small means that there are not a lot of wage pressures, not a lot of demands to add new workers and, therefore, not a lot to worry the (Federal Reserve) in this report.

This is one of the great correlations. People used to watch this religiously (and) still do.

This is one of the great correlations, ... People used to watch this religiously (and) still do.

The key thing is to remember there's a good cushion of money underlying the market, we're still seeing good flows into mutual funds and there's ample liquidity out there. Remember, we're coming up on earnings reporting season and we expect that to be a pretty good reporting season once again with lots of upside surprises.

Their recurring revenue from the cellular sales is actually doing better than they think. Growth rate may be bumped up, profits looking pretty good, sales looking good. I think it maybe time to start fishing in that pond again.

These are companies that, through cost cutting, can continue to deliver upside surprises, ... Even if they don't get a lot of pricing help. Which I don't think they're going to get.

You've got a lot of layoffs, but yet 132 million people are earning legitimate wages,