Christine Callies Quotations

We'd like to combine our overall upbeat analysis of consumer spending and retail activity with our baby boom spending thesis. And this is basically grounded on the observation that baby boomers tend to spend more on quality of life and personal indulgences than their parents did when they were at the same age.

There is a predisposition to sell first and ask questions later.

The problem with the tech sector is not so much a fundamental problem as a valuations problem.

Since the ability to refinance or restructure debt is one of the incremental drivers of a profit trough, the importance of this policy change cannot be overemphasized.

People aren't going to take any position ahead of the elections.

Most of the essential catalysts for a significant rebound in share prices are present.

We doubt that the markets are going to take off here. I think we will need more evidence that in fact things are starting to turn.

We're buying technology areas very selectively, ... and we're branching out into an area that we would call tech proxies, meaning there are very often 'old economy' companies that are trying to change their structure so as to be included in the new economy.

Wall Street has come pretty close to being an around-the-clock enterprise anyway.

We think there's a lot of value in semiconductors.

We don't see any indication that the Fed would have caused to start talking more tolerantly about monetary policy. And we don't think the bond market has any particular reason to go down to lower yield levels.

There's more gamesmanship in this profit-taking than actual concern. Money managers have now had three years of 20-plus percent equity returns. They know this is rare and they are cashing in.

Sales volumes in the tech sector might be erratic... it's nothing serious, but just not as bullish as people would like,

Bad news can be good news for equities if the bad news causes the Fed to cut aggressively.

It really isn't a beauty contest between big-cap and small-cap stocks that the small caps eventually win,

For instance, I think conglomerates such as Philip Morris (are) a cash cow, ... The stock is doing quite nicely, holding up around near the higher end of the trading level here.

Economic data is going to push the market back and forth.

Tax cuts would probably flow directly into corporate profits. Companies are lean and mean today, compared with where they were ten years ago and if the economy is going to be stimulated by either tax cuts or new spending, I would prefer tax cuts. I would prefer the approach that is more profit friendly so I guess that means I don't prefer Al Gore's approach.

It's difficult to sell any paper right now unless it's of the highest quality.

It very often doesn't take off right away,

In Nasdaq, we've been in a confused bear market for a while. The background environment, particularly in the economy, is not as bad as people think.

The uncertain outcome of the U.S. presidential race may delay a fourth-quarter recovery in share prices but should not eliminate it. We believe that potential buyers are waiting for a resolution before implementing their 2001 investment plans.

These are areas that investors generally invest in when they want to reduce the portfolio betas, or the volatility of their portfolios.

This is only under the assumption that the full tax rate cuts go into effect.

The equity market typically positions itself for economic recovery at the approximate mid-point of recession.

The election is a minor uncertainty that the market would like to get out of the way. Over the next couple of months I do expect stock prices will be better. I think corporate profits will turn out to be OK and the market will view some of the tensions and anxieties of the third and fourth quarter as a bit of overkill.

The market is supported by somewhat better fundamentals than might have been seen a few months ago. I think the market is going to try to inch higher.

The markets have got a case of valuation acrophobia,

The Internet stocks are just responding to the rebound in the overall market. They're extremely volatile.