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Letter "T" » Tobias Levkovich Quotes


«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.»
«While we think 2006 will be a good year for stocks, we do not necessarily think it will be an easy one, without hiccups along the way.»
«We had accounting scandals in 2002 and there was a lot of clean-up thereafter. It's a different environment now.»
«To a degree, the Japanese market has been marching to its own drummer for a number of years due to its economic difficulties.»
«The Fed has worked too hard to reinvigorate the economy after a series of shocks, in our opinion, to drive everything back down,»
«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,»
«Earnings do look as if they are about to start turning. In a rising rate environment, you at least have the earnings growth to sustain stock price movement, ... Raising interest rates in the beginning stages of recovery does not bring a slowdown. Raising rates in the latter stages of recovery is a different story.»
«We do not think that investors have given up on the equity markets and we remain bullish over the next few months, ... the beginnings of an economic tailwind, the probability of needed incremental upward earnings revisions, reasonable valuation and relatively strong degrees of skepticism amongst investors we talk to.»
«The market is always anticipatory and the market always felt this was somewhat biased (from the start),»
«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,»

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