Edward Yardeni Quotations

The reality is that the economy is in great shape. It's created lots of good jobs?not bad jobs. We haven't created a whole bunch of hamburger flipping jobs.

Forward earnings for small company stocks rose faster than bigger company ones last year, as they have for the past four years.

I see a new merger deal announced every day, and M&A is one of the most profitable areas for investment banks.

That could be bullish for the stock market if the household sector concludes that real estate is not the place for speculative gains any more.

Look for orders to rebound in May, reflecting broad-based recovery within the manufacturing sector.

We have two surprises in our economy: better-than-expected growth and lower-than-expected inflation, and the growth is based on productivity, ... People are working harder. They're generating more products efficiently at lower prices.

We believe the equilibrium price of crude oil has risen from about $20 per barrel during the 1990s to at least $30 during the current decade. The fundamentals are solid for the energy sector. Energy represents 6 percent of the S&P 500 market cap -- in our opinion it should be double-weighted.

The question is how much does Yamaichi own?

Bond yields could jump and then stock markets open down around the world. But, then people would say, 'I'd better be in bonds,'

Now, I think you have to add an entire percentage point

It's going to be very hard to find anybody on Wall Street who can complain about Bill Clinton with the kind of performance we've had in the stock market.

The average American's real income and consumption is the highest it's ever been.

Their systems could be so disrupted that they can't go on with business. They can't export, they can't import. It's hard to place a phone call into Brazil. It's hard to get the parts from Taiwan. All that could add up to a global recession that could still impact our economy.

I'm actually very pleased to see they decided not to raise rates because it's really not justified by the performance of this economy,

In the last year, I thought we'd get to 7,600, which looked like a pretty far-fetched forecast back then. Now I think we can get to 8,500 by year end. I think there is still potential for the market to move a lot.

The economy has remained remarkably robust as energy costs have soared since early 2004. Gasoline now accounts for only 3 percent of total personal consumption spending, down from 5 percent in 1981.