Richard Bernstein Believe Quotations

We remain doubtful that the Fed is indeed 'done,' which has become the overwhelming consensus. We believe they will be more vigilant against inflation.

Policy makers seem to continue to believe that they can boost demand enough to alleviate the oversupply situation. They now talk of extraordinary monetary measures and huge tax cuts to stimulate demand, ... Although their timing was admittedly very poor, Japanese policy makers attempted the same thing.

We continue to believe that there is considerably more downside risk than upside risk to the equity market,

We continue to believe that the market is riskier and more speculative than most investors believe.

We continue to believe that longer-term investors should focus on yield.