Michael Metz Quotations

My guess is we've seen a little bit of a blow-off on oil and it's going to be a little bit more of a hospitable climate, as far as oil prices are concerned.

If we do have oil prices at this level for another week or so, it's going to make investors reconsider the whole outlook for consumer demand, which of course has been the real fuel for the economy.

He is very well respected, and he would be confirmed quite easily.

I think it is going to last into 1999,

It has been an interesting phenomenon, ... people just haven't been willing to sell.

It is an impressive showing for the market again,

I think the real problem here is that profit margins throughout corporate America are going to be under pressure,

Restaurant stocks were badly hit last week and they were entitled to bounce back. But frankly, I would not be in that space because it is most vulnerable to a cutback by lower-income consumers due to higher oil prices.

Regardless of what the Fed does today, I think that maximum monetary stimulation throughout the world is over. We are seeing the low point of interest rates throughout the world. The next move will be upward. Moreover, I think the earnings momentum for the markets is eroding as well.

That's because the market's been dominated by entrepreneurial investors, rather than typical mutual fund investors.

I wasn't really worried about it, ... Maybe I should have been, (but) I thought it would all blow over, and didn't see it as a catastrophe.

The Delphi bankruptcy didn't help. The concern is, what are the repercussions of that for General Motors and for other automakers and the component makers. And it's all happening against background where real wages are not rising, so the question is, who's going to buy what American manufacturers produce?

The real question is whether companies will squeeze their (profit) margins as costs increase or if they are going to increase prices. I think they will increase prices.

When people are desperate to sell you buy. When they are desperate to buy you sell. He who waits until he is in the arena to plan has planned too late.

(This) week is all about the Fed. But we all know they are trying to bring back the benchmark rate to neutrality. They still have a couple more rate increases to go.

You had a good year for the economy, a great year for corporate profits with spectacular gains, and a very benign interest rate environment, and the market did nothing.

Even though the summer is traditionally slow, we are likely to see a pickup overseas this year. That's really where the incremental business will come from.

Couples have unreasonable expectations. And unreasonable expectations are a major cause of problems.

Oil is getting hit here and that also hurts the oil stocks. That is disenchanting a number of short-term traders who didn't expect to get hit that badly by a drop in crude prices.

This is the correction I've been talking about.

There's anecdotal evidence that individual investors are looking more towards the equity market than real estate. It's a good sign initially that there's new demand, but it could suggest we're at the final stages of the advance.

It's been an accumulation of data that suggest the economy has great momentum here, more than people had expected. It seems almost inevitable that the fed will have to move, but even if it doesn't, the market is pushing up long rates in any case.

Economic data has been supportive and earnings have been strong, so there's no reason why we can't see a rally in stocks between now and the end of the year.

Everyone has assumed it's going to be a perfect scenario, ... The market has departed from most traditional levels of valuation.

The Fed is once again saying they are not through with raising interest rates.

I more and more believe that very often the market is in a world of its own.

Investors were encouraged by the inflation figures. There was fear they would be considerably higher.

The market, as far as stocks are concerned, it's been amazingly resilient in the face of some very bad news, particularly about oil prices.

The market's gains really are a response to the good fundamentals we've seen, like the jobless claims. It's really helping tech because that is one of the most cyclical parts of the economy. There is also hope that capital spending will be vigorous even if the consumer takes a break.