Robert Barbera Quotes
The most important point for me is that, in a lot of economically sensitive areas, there appeared to be a pickup. Compare with stores saying they're happy with the last two weeks of sales, and it looks like we're on somewhat firmer footing. 
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Important | Point | Economically | Sensitive | Areas |
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So the stock market could have a negative wealth effect and weigh on capital spending, but a sharp decline in long-term interest rates would be an important counterweight.
- Robert Barbera
Traditionally, the stock market does well in the first year of recovery because you have a sharp rise in productivity and moderating wage demands, so unit labor costs plunge and profits grow rapidly. All the data tell you that is happening. What's weighing on the market is the recognition that the last three years' earnings were largely created by clever accountants rather than strong fundamentals.
- Robert Barbera