30 Quotes by Alan Kral

We have reallocated out of bonds. We got a little bit nervous back in December. However, now that bond yields have gotten back to where they are and stock price are where they are, I think you're going to take a real look at bonds and maybe take some money off the table.

Now that the baseline of demand has returned and (oil) prices returned to around $20 to $21 a barrel, the environment is such that there will be a return to exploration, and Schlumberger will be a big beneficiary.

But the real risk that we have to see with the economy is -- does it take another leg down based upon consumer spending?

What you're seeing today is that swing back and forth. There's always a range of expectations, which means he'll (Fed Chairman Alan Greenspan) always disappoint somebody, and a lot of that disappointment was reflected yesterday.

I think the Fed is hanging its hopes on a couple of things. The bond price has dropped and yields have gone up and it is doing the job for them. . . the economy as a whole is slightly slower in the second quarter than it was in the first. There's hope that it will tail off to a more sustainable rate.

I think we will bounce after a down couple of days.

I think what people will begin to focus on is earnings going forward.

I think what we saw yesterday (Tuesday) was a bounce in the bear market. It could continue. There's no question there are going to be sharp rallies all the way along in here. But I think the trend has been as long as the Fed has been active, we've basically seen a down market with some rallies in it.

Overlying everything, you've got the election and there's a lot of uncertainty.