Quotes by Michael Darda

“They seemed to reassure the market that the economy was OK after the hurricanes, but overall, I dont think theres anything new, and thats why the stock and bond reaction has been muted.”

“We didnt get much new information here.”

“The minutes didnt change the outlook for the interest rate moves priced into the market. The Fed is expected to raise the funds rate at least two more times unless economic data is released that will change this assumption.”

“A significant part of demand right now is based on speculation that something is going to happen in the future or near future to make supplies much more scarce.”

“This is obviously a continuation of what weve been seeing, which is strong economic growth and inflation expectations.”

“Inflation has boxed the Fed in, they are going to have to keep moving rates up.”

“Everything changed after 9-11. There is a panic premium in prices today, driven by perceptions that supply and production are centered in countries that could fall into political turmoil.”

“You just cant have 30 percent growth every quarter.”

“The bottom line is that its best to look at what the companies are actually doing rather than pay too much attention to what theyre saying.”

“Todays number is a sign of slowing ahead. But thats not a negative thing. With the dramatic price appreciation weve seen, we dont want to see a runaway market out of control.”