Richard Bernstein
Richard Bernstein
Richard Bernsteinis an American journalist, columnist, and author. He writes the Letter from America column for The International Herald Tribune. He was a book critic at The New York Times and a foreign correspondent for both Time magazine and The New York Times in Europe and Asia...
ProfessionJournalist
Date of Birth5 May 1944
earnings poorest quality
The quality of earnings is the poorest in my career.
improving line market thin
There is a thin line between a liquidity-driven market that anticipates improving fundamentals and a bubble,
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There are some unquestionable areas where it has been studied and shown to have benefit in very particular areas, for example chiropractic care.
hurt last market rally relief seeing today
What we're seeing today is a relief rally from last week, ... There is really nothing to hurt the market today. All the techs are rebounding well.
indonesia meeting prior seeing today weakness
Today all you're probably seeing is a weakness prior to the G8 meeting this weekend, and a lot of uncertainty in Indonesia and Asia,
against believe doubtful fed indeed remain vigilant
We remain doubtful that the Fed is indeed 'done,' which has become the overwhelming consensus. We believe they will be more vigilant against inflation.
hurt last market rally relief seeing today
What we're seeing today is a relief rally from last week. There is really nothing to hurt the market today. All the techs are rebounding well.
across contrary entire nearly pace record strong
We think there is a strong contrary message, ... at a record pace across nearly the entire industry.
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We think it is now time for investors to switch from income statement variables to balance sheet variables when picking stocks, ... Portfolios in which stock selection was based on strong balance sheets tend to outperform those based on income statements when the profits cycle decelerates.
amazed truly
We are truly amazed by this incremental bullishness.
believe continue downside equity risk upside
We continue to believe that there is considerably more downside risk than upside risk to the equity market,