Greg Valliere
Greg Valliere
bottom bush line
My bottom line is that this not catastrophic for the Bush agenda,
along appeal brings logical sex talented
I thought all along Edwards was the logical choice, ... He's so talented as a campaigner, and he brings a lot of enthusiasm, sex appeal and pizzazz to the ticket.
consumer critical key spending variable
The key variable here is the consumer. As of now, consumer spending is way down so that may be the most critical thing they'll look at,
late microsoft people talked yesterday
Even people who don't like Microsoft we talked to late yesterday were shocked,
backs bush delusional george justice maybe microsoft surprised treated until wait
I think Microsoft would like to wait until after the election, and maybe if George W. Bush wins, they could get treated better by a Bush Justice Department. I think they're delusional if they think that's going to get them out of their problem, but I wouldn't be surprised if that's in the backs of their minds.
below dollar export improve intervene threaten
If the dollar were to threaten below 120 yen again, they'll intervene again. I think they've got to improve their export sector. They've got to export their way out of this.
affect august helps hike issues jones market people pocketbook rate sold talk
I really think when you talk about pocketbook issues that affect the electorate, people think about the Nasdaq (composite index) and the Dow Jones (industrial average). If we got another rate hike and the market sold off on that, I think people would be displeased. If there's no rate hike on August 22 and the market rallies, you've got to say that helps (Al) Gore.
basis belief certainly close domestic encouraged growth half last saying sent signal wants
I think Greenspan, last Thursday, really sent a signal that he wants 50 basis points, ... By saying that the GDP (gross domestic product) growth is close to zero, he certainly encouraged the belief that we get half a point.
happy markets perfectly
The markets would be perfectly happy with gridlock.
basis greenspan move points
I think Greenspan realizes that if he doesn't move tomorrow, he may have to do 50 basis points at the end of January, which could look panicky.
impossible number
I think Friday's number will be impossible to analyze,
bond comfort gives greenspan inflation level market vigilant
It gives the bond market a comfort level that you have a replacement just as vigilant on inflation as Greenspan was.
decide four games kerry markets people perceive perceived point red row sore three today together won
The Red Sox won four games in a row after being down three nothing, so anything is possible,but I think the markets would perceive this as a long shot. I think at some point today (Wednesday) Kerry and his people get together and decide they don't want to be perceived as sore losers.
bubble close concerned economic fed full growth housing market occasions percent possible rare
We should have economic growth of more than 3 percent this quarter. I think the Fed is concerned about a possible housing bubble and about us getting close to full employment. I think this is one of the rare occasions were the market has it wrong.