Quotes by Gary Dugan

“This wont prevent a mini-recession in mid-1999.”

“Londons trading is probably more closely linked to that of Wall Street than the other markets in Europe.”

“Over the last couple of months the market has done relatively well and is now pausing to consolidate the gains.”

“It needs a further catalyst to boost the market.”

“Service-sector inflation has been picking up. Wage inflation has shown some signs of picking up so, unlike the U.S., [Britain] does have some worrying signs of inflation.”

“Theres still a bit of a tech wreck going on in the wake of the Nasdaq weakness. The other problem is that we havent had good sector rotation and weve seen a bit of a sell-off in the banks. The results for the banks have not been too good - they are facing margin pressures.”

“There are two key challenges to the U.S. market: one is Fed policy -- and its still our concern that the Fed will be increasing rates this side of Christmas; secondly, its the slowing corporate earnings outlook. Although corporate earnings are still probably going to rise, I think theres a concern that numbers may come in below consensus and drive the markets down.”

“Given whats happening in Europe, which could be a knee-jerk reaction to what happened in the U.S. Friday, were probably going to be down again (in the U.S.). Whats been happening is that investors have a burst of energy for a week, then it starts to unravel.”

“This could finally lead to a sell-off in U.S. equities. And then European stocks would mirror falls on Wall Street.”

“This thing has been bid down and down. But I think on fundamentals now, taking a two to three-year view, people have got more comfortable with the level that were paying.”