17 Quotes by Stephen Wood

This is taking dollars from Wal-Mart and giving it to Shell. It's shifting the money. It's not increasing inflation.

This anemic rise at the end of the third quarter suggests that consumer spending will rise much more slowly in the fourth quarter,

Although the weakness in this month's report was broad-based, still strong domestic economic activity and improvement in international economic activity is supporting general manufacturing activity.

There's a convergence between three major sectors: personal computing, consumer electronics and cell phones.

It's not just one or two things working and everything else not working. It's an all-cap, all-style, broad market rally.

The (Federal Open Market) Committee will more than likely remain on hold, unless economic developments force its hand.

In the past five years, value has done OK, but the real story is that growth has been getting clobbered, We don't think growth will roll over and go belly up. Once a style comes into favor, it tends to stay there for years. You just had the fifth year of a value cycle. Do you get a sixth year? You could. But I'm not convinced we'll see it.

The earnings environment still looks strong. The values that we're looking at for the economy and earnings -- all the good news that exists in stocks -- has not been reflected in prices yet.