Alfred Kugel Quotes

We've now changed the valuation of the stock market quite a bit... If anything, the earnings estimates have been going up and stocks have been going down. The price-to-earnings ratio on forward earnings is now down to about 15 times, which is very low relative to interest rates and inflation at the present time.

- Alfred Kugel

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Changed | Valuation | Stock | Market | Earnings |

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There's a lot of bad news priced into the market... If things turn out not to be as bad as discounted, we will have a rally this summer, and we will end the year 10 percent higher than we are now. - Alfred Kugel

Inflation seems very unlikely to me in the current economic environment. We have huge amounts of production capacity and plenty of labor around the world, especially in China and India. - Alfred Kugel

Have been beating the drums about worrying about higher inflation, and so far, other than energy, we haven't had higher inflation. (But) I would say earnings are doing quite well, so I think that's helped to keep the market from having another bad week. - Alfred Kugel