12 Quotes by Douglas Cliggott

What we're seeing in Asia now is that rates of growth are slowing down. It's Latin America where you see growth picking up.

I think the key in the market is technology, because what has been giving us this extraordinary earnings growth is spectacular earnings growth from a lot of tech companies. They are telling us the second half is going to be slower. So I think the broader market earnings trend is going to be not sharply down, but trending down.

I think what happened today is a lot of investors are disappointed about the outcome of the OPEC meeting.

Market participants have shifted focus from the immediate event of the Fed meeting to a longer-term view.

The key is if the economic data stays soft, maybe we don't have to worry much about interest rates anymore. Then we need to worry about earnings. What gave us a really strong move in stock prices from late May until about two weeks ago was this heightened optimism that maybe interest rates are at that high. That gave you a relief rally. Now reality is setting in - if we've seen the worst on interest rates then we've seen the best on earnings.

We think this is an opportune time for investors to reduce exposure to U.S. equities.

Technology is such a huge part of market cap right now; if that part of the market is performing poorly, it's really tough for the other indices to go up.

Realistically, if it eliminates a degree of risk about the future, that's good news.

It's hard to disagree with Greenspan. Our own market view is equities are fairly valued, but they had a tremendous period of catch-up last year and the year before when they were very undervalued We would expect only 7, 8, 9 percent price appreciation next year.