William Hummer Quotes
We see the Fed easing as a flu shot that will help prevent recession in 1999, but fixing the global problems that underlie the markets' malaise will require major surgery. So basically, I think the market sees through this as a temporary boost, but there are fundamental problems that aren't yet resolved. 
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Easing | Shot | Prevent | Recession | 1999 |
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That's what's probably bringing the market around. Low interest rates and sustained growth will bring estimates that corporate earnings over the coming year could very well be up 8 or 9 percent. That will sustain the market for the coming months, until year-end.
- William Hummer
If oil hit $100, it would have quite a debilitating effect... The economy would slow to a crawl. We'd have a return to stagflation, that clicha from the 1970's. We'd see a huge cutback in driving. The sacrifices would be severe. It would be another blow to the airlines and the whole transportation sector.
- William Hummer