18 Quotes by Gail Dudack

The stock market just cannot seem to go anywhere but down whenever the long bond gets above 7 percent, and that is basically what happened today.

The strong dollar has done two very good things for the stock market: brought in foreign money and kept inflation low. Question is, 'What is the dollar going to do from here?' It's been weak for the last month. Will it still create that magnet for foreign investors?

A typical economic recovery will see job growth north of 220,000 new jobs a month. And we've had very few months above that level. So, this job market looks stable, but not robust, and that is what will put restraint on the Fed in 2006.

The negative of last Friday's decline was not the decline itself, but the complacency of the decline. There's too much complacency.

The fed was very aggressive with cutting rates, and that affected rate-sensitive areas of the economy, such as housing and autos. That leaves us with a problem, which is a lack of pent-up demand in the recovery phase.

For technology, it's still probably going to be a long period before the turnaround.

The case continues to be made for small caps. I have more faith in the quality of earnings of small caps than large caps.

The market is responding very directly to interest rates as kind of a one-dimensional thing -- fearful of inflation and I think that either higher rates may catch this market in 1997, or the flip side, lower earnings.

The main catalyst that people are looking at is tomorrow's jobs report. While there's a mix of many things going on in the market, the key thing to an economic recovery is jobs and income. That's why tomorrow's number is critical.