40 Quotes by David Blitzer

Large-cap managers have been chasing the performance of mid- and small-cap stocks, and investors may not be aware of this.

Over long periods of time, stock markets generally go up. Japan was obviously an exception if you chose the wrong 12 years.

The problem is that instead of having one way to calculate corporate earnings that everybody understands, we have two or three methods. And the one that most people use, there is virtually no agreement at all about what it means.

There's not a lot of pricing flexibility, there is a little more upward pressure on wages, and when you add that all together it can be very difficult to raise profit margins.

there's nothing here that really points to any near-term inflationary dangers.

The stock market suggests that there is fantastic bullish sentiment -- everybody feels good, looks good, thinks wonderfully of this economy, and indeed it is very difficult to say anything wrong about this economy,

The stock market reaction, if they cut a quarter point, probably will be as much a yawn as anything else. If the Fed would go for half a point, which is within the realm of possibility, I think it would get a positive reaction.

The second quarter was clearly a soft quarter, there was a lot of weakness in manufacturing. I think we'll see a rebound but it won't show up until the August numbers. Getting GM back to work will be a big plus in getting things going again.

As horrendous as it looks, I'm beginning to feel we're not that far from a bottom.