Alfred Kugel Quotes
Earnings are coming in 'in line' with expectations. We should still be up 15 percent year-over-year and that's better than we did in the first half. 
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Earnings | Coming | Expectations | Percent | Year |
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You really have a two-tier market with tech stocks going down and everything else going up. Part of this is because valuations in technology stocks got overdone this year and, at the same time, the Dow hadn't performed and now they look cheap.
- Alfred Kugel
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