51 Quotes by Bruce Steinberg

This report provides the first indication of the state of capital spending in the second quarter, and the data were quite strong.

There has been talk recently about how, because productivity was revised down last year, it would belie the productivity miracle of the recent past. We believe today's data indicate that this is not happening.

We assume that will begin to happen during the first half of next year.

We believe if the Fed does not cut by 75 basis points, there is a risk the market would be disappointed. If the Fed does cut by 75 basis points, we do not think that the selling climax would continue past that point.

Between you and me, you want to be the only one getting the pay raise, and not everyone else.

As the job market gradually improves, it should easily support consumer-spending gains of at least 3.5 percent this year.

And the signs since the fourth quarter suggest growth picking up in the first quarter more strongly than most people had anticipated. So I would say the recovery is here.

Tech will have the worst performance of any S&P sector in 2001 with operating earnings per share plunging 73 percent. But next year (2002) we believe tech earnings will snap back strongly.

Actually there are two pieces of news. One is that although the market consensus was only 250,000, the bond market was fearing a much, much stronger report --hence the relief rally that followed the release of the numbers.