Stock Market Commentary - November 18
Posted on November 18, 2007 in the Commentary, Investing category
.Every week we look at what Wall Street analysts and investors are saying about the economy and the financial markets.
“We are going through a period of reassessing risk and that will take time and we will experience volatility along the way. In discussions on the decline in the U.S. housing market, I noted it is still unfolding and I view it as the most significant current risk to our economy”
U.S. Treasury Secretary Henry Paulson
“Investors better got to a drugstore and get a neck brace”
Ed Yardeni, investment strategist on the stock market volatility
“The retail environment remains fairly difficult and has every appearance of getting more difficult,”
Carl Steidtmann, chief economist at Deloitte Research
Losses related to record U.S. home foreclosures using a “back-of-the-envelope” calculation may be as high as $400 billion for financial companies,
according to Jan Hatzius, chief economist in New York at Goldman Sachs Group Inc.
“They get our oil and give us a worthless piece of paper. The dollar has no economic value.”
Iranian President Mahmoud Ahmadinejad
McDonalds is targeting the coffee market:
“We want to move from beverages as an accompaniment to being a beverage destination”
Don Thompson, president of McDonald’s USA
With writedowns in the financial sector ongoing and the U.S. dollar sliding, foreigners may remain gun-shy with their buying of U.S. assets in the coming months,”
Robert Kavcic, an economist with BMO Capital Markets.
“We’ve gotten quite oversold for quite a while. It seems to me it’s safe to bottom-fish.”
Manny Weintraub, managing director of Integre Advisors in New York
“Natural resources and commodities have seen a tremendous run over the last five years, but we still think this cycle could extend well into the next decade due to strong demand growth in emerging markets,”
Evan Smith, co-manager of U.S. Global Investors Global Resources
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