23 Quotes by William Hummer

We see the Fed easing as a flu shot that will help prevent recession in 1999, but fixing the global problems that underlie the markets' malaise will require major surgery. So basically, I think the market sees through this as a temporary boost, but there are fundamental problems that aren't yet resolved.

There's no end in sight as the Asian crisis will go on for years and this is having a major effect, ... It will trim earnings probably more substantially than many economists expected.

The services sector is showing some inflationary pressure, and wages are starting to climb.

The strength of the economy since the beginning of the year has been an embarrassment to forecasters. There is much more momentum than most people recognized.

The third quarter earnings have been fairly well received and I think there will be anticipation that fourth-quarter earnings could be better than expected,

That's what's probably bringing the market around. Low interest rates and sustained growth will bring estimates that corporate earnings over the coming year could very well be up 8 or 9 percent. That will sustain the market for the coming months, until year-end.

This is a disconnect; job growth is psychologically and practically the core of what's happening in the economy. In sharp contrast, the oil price is volatile. It's certainly not meaningless, but it's subject to so many variations that it doesn't have the same importance.

There's an enormous supply of funds awaiting employment in equities.

It's a good time for those who are inclined to take gains to realize them now if they're going to do it anyway -- I don't think the market's going anywhere for a while.