20 Quotes by Stephen Leeb

We are probably on the verge of an economic recovery.

There are no real visible signs of economic weakness. It's a wonderful world except for oil.

I think the market very much revolves around oil, which backed off a bit this week, but remains over $65 a barrel. Higher oil is a double whammy for the market, slowing the economy and increasing inflation.

It doesn't take a lot to get people worried. It just comes down to oil and interest rates.

The problem is I don't think you're going to get that kind of break, ... There's no way supply is going to keep up with demand.

First of all, (AOL) stock is down ... 50, 60 percent from its high, ... And it really hasn't changed its spots. I mean my grandchildren, if I'm lucky enough to have grandchildren, and their grandchildren are still going to know about Bugs Bunny and Time magazine. AOL is here for the count. (The stock) could end up earning a buck a share next year, maybe even a little bit more than that, 15-to-18 percent growth. Where do you get that kind of quality at that kind of price? (That's) very, very difficult to find.

There's some pressure on the Fed now to move faster because of the stronger reports,

The stock reaction over the next few weeks is likely to be fairly neutral, with a lot of the damage already factored into prices.

The stock market is looking at a pretty benign economy, low interest rates and a 10-year note yield that is below 4 percent, all positives. But then there's the big negative -- oil.