David Blitzer
David Blitzer
assume chinese markets open position
For the Chinese equities markets to assume its position in the world, it must open up.
bet next repeated
The bet is that this will not be repeated next month.
impact numbers seen suggest
These numbers suggest there is no impact to be seen from all the difficulties in Asia.
aware caused change earnings estimated fully investors
A change of 7% or 8% in estimated earnings for the S&P 500 is significant, especially if investors are not fully aware of what caused the change.
best change companies definition lack looks quarter reasonable
It's just a lack of consistency. Companies change the definition quarter to quarter, whichever looks best - that's not a reasonable way to do business.
company market member represents sign stock
It's a sign that this is a company that represents the economy, represents the stock market and should be a member of the S&P 500.
company competition fact folks home less markets protective provides role surviving truth
There is truth to the fact that competition and markets are more global, especially in the U.S., where being protective of the home company is a little less fashionable than it was 10 or 15 years ago. Merging provides a role for these folks and makes them a surviving entity.
cut data employment fed fence hurry points saw whether
The employment data showed a lot of weakness. Before that, I was on the fence about whether the Fed would cut 25 (basis) points or 50, but I got off in a hurry when I saw that.
data employment
The employment data showed a lot of weakness,
believe caps data edge exposure large smaller
The equal-weighted index will give you more exposure to smaller stocks. If you believe that small caps outperform large caps, and most data suggests they do, then the equal-weight should give you a small edge over long periods.
definitely economy feeling few general good last weeks
The general good feeling about the economy of the last few weeks is definitely still here.
absolutely asian early economy hit impact late spring
The economy right now is absolutely fantastic, but I think the Asian impact is still to come. The big hit is probably to come in late spring or early summer.