Charles Crane Quotations
Charles Crane Quotes about:
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Address Quotes
If the Fed is on the warpath with an eye to slowing the economy and trying to blunt inflation before it becomes a problem, by slowing the economy the Fed is hoping to address any imbalances between supply and demand, specifically for labor. It feels to me like the market is starting to look beyond the impact of the Fed and setting ourselves up for a second half where the wrestling match will not be between interest rates and valuations but rather between earnings and valuations.
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Bias Quotes
I think we could re-write the book a little bit. The other sort of traditional way of looking at the market is that you get a summer rally. And I suspect that we will get a positive bias to this market at some point in time over the next couple of months. However, I do think that you're probably in that quieter period for news and developments in the technology sector.
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Coming Quotes
I think that we are seeing some terrific earnings coming out of the technology sector here in the second quarter. The reality is that earnings are going to remain good in the second half of the year. The question on everybody's mind is are they going to be good enough to meet expectations.
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Along Quotes
We've had a lot of good news in the last couple of months. Most recently, we had the Fed hold the line, we had another employment report that was reasonable and now we've had gold plunge -- all of which have been encouraging to the bond market. Stocks have come along with the bond market.
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Certainly Quotes
Interestingly enough, the housing stocks have been on of the strongest sectors this week. I think what's happened is that these stocks were weak prior to where we are right now in the economic cycle because of concerns about Mr. Greenspan and crew raising rates still further. Those concerns have diminished. They haven't completely gone away, but they certainly have diminished in the last few weeks as we've seen more evidence of a cooler economy. Hence, you're starting to see investors say OK, we're probably cruising in for a soft landing and housing should do well in that.