Stephen Wood Quotations

When you see big chunks get purchased by corporate officers, that historically has been a very bullish signal,

These data continue to suggest that labor market conditions are much more robust that recent payroll employment and help-wanted reports have indicated.

Better weather and larger tax refunds are fighting with slow growth in jobs and wage income to determine the strength of consumer spending. Right now, it's about a tie.

The rebounding dollar-yen is helping give a lift to the bond market. People are taking some comfort from the fact that it appears officials will act to keep the yen from rising too much, and the fact that there's less anticipation of an Oct. 5 rate hike.

The rebounding dollar-yen is helping give a lift to the bond market, ... People are taking some comfort from the fact that it appears officials will act to keep the yen from rising too much, and the fact that there's less anticipation of an Oct. 5 rate hike.

This is taking dollars from Wal-Mart and giving it to Shell. It's shifting the money. It's not increasing inflation.

The (Federal Open Market) Committee will more than likely remain on hold, unless economic developments force its hand.

It's not just one or two things working and everything else not working. It's an all-cap, all-style, broad market rally.

This anemic rise at the end of the third quarter suggests that consumer spending will rise much more slowly in the fourth quarter,

In the past five years, value has done OK, but the real story is that growth has been getting clobbered, We don't think growth will roll over and go belly up. Once a style comes into favor, it tends to stay there for years. You just had the fifth year of a value cycle. Do you get a sixth year? You could. But I'm not convinced we'll see it.