27 Quotes by Tobias Levkovich

The two primary factors that held up the market were the Fed raising rates ... and that energy prices were far more excitable than people had anticipated.

The investment community currently seems to be gleaning more of its market insight from the headlines scrolling across CNN and Fox news Channel than from underlying business fundamentals,

The Fed has worked too hard to reinvigorate the economy after a series of shocks, in our opinion, to drive everything back down,

In 1995, when the Fed stopped raising rates, large caps did take the lead. We think that that's a possibility, and we tend to favor the larger caps.

If powerful upward earnings estimate revisions have not been able to drive equity prices higher, we suspect that downward momentum in such estimate revisions may cause further stock market weakness to emerge in the next few months.

If people we're really trying to manipulate earnings you would think they would have done a better job.

GDP leads earnings by two quarters. Earnings lead capital spending by two quarters. So GDP leads capital spending by four quarters. We shouldn't hear that things are getting better until the fourth quarter at the earliest,

This is a company that can do well in a good economy, and do well in a so-so economy. It's not isolated to a single sector like so many of these tech companies that struggle because their sector slows down.

You can see the fad, and know it's just a matter of time until it blows up. When people get worried, they will want the safety of U.S. equities.