Robert Barbera Quotes
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Supposed | Recovery | Signs |
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You're supposed to see recovery signs and they really are right on cue.
- 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