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Letter "R" » Richard Bernstein Quotes
«Portfolio managers should answer the question regarding the potential for deflation by saying that we are already deflating.»
«History suggests that the most powerful factor influencing the profit cycle is pricing power.»
«Because of the lack of pricing power, earnings expectations might be too optimistic, despite the fact that they are being lowered.»
«We continue to believe that there is considerably more downside risk than upside risk to the equity market,»
«The more generators sold, the more consumer confidence has been hurt, as this would tend to indicate that people do not trust the infrastructure currently in place. If, however, consumers shrug off the ... situation and relatively few generators are sold, then this would be perceived as a positive.»
«Usually the Fed keeps raising rates until something goes wrong in the economy or the market. Even Alan Greenspan has never gotten it right.»
«Historically, S&P 500 earnings growth, on average, has been negative when the dollar has appreciated 10 percent or more in a 12-month period.»
«People who want to watch the Fed need to be very careful,»
«I've been passionate about this ever since I came on the board; transit is a huge issue for me.»
«Two of Michigan's greatest institutions can be connected by rail.»

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