44 Quotes by Richard Bernstein

We remain doubtful that the Fed is indeed 'done,' which has become the overwhelming consensus. We believe they will be more vigilant against inflation.

What we're seeing today is a relief rally from last week, ... There is really nothing to hurt the market today. All the techs are rebounding well.

Lower quality companies are dramatically overstating their growth rates by using pro forma earnings.

Returns on capital are highest where capital is scare.

People who want to watch the Fed need to be very careful,

Policy makers seem to continue to believe that they can boost demand enough to alleviate the oversupply situation. They now talk of extraordinary monetary measures and huge tax cuts to stimulate demand, ... Although their timing was admittedly very poor, Japanese policy makers attempted the same thing.

Portfolio managers should answer the question regarding the potential for deflation by saying that we are already deflating.

Because of the lack of pricing power, earnings expectations might be too optimistic, despite the fact that they are being lowered.

From our lens, the U.S. housing market has become seriously overextended and a correction looms, posing the largest risk to 2006 consumer spending.