Alfred Kugel Quotes

Since we don't have a lot of economic data, the most important will be durable goods.

- Alfred Kugel

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Economic | Data | Important | Durable | Goods |

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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

They're now looking at a situation where their shareholders are going to see the fund is down for the year but they're going to have to pay taxes on large gains. The managers are selling tech stocks that they might have bought at higher prices to realize losses and offset the gains. - 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