Cautious Quotes
Yesterday's announcement by the Hong Kong Mortgage Corporation that the government would provide a top-up guarantee on mortgages was good for the market. But we are still a bit cautious. It was very light turnover and there was no real selling pressure.
- Howard Gorges
Yesterday was a pretty good up day, but we were well oversold, so we shouldn't probably get too excited about that. This is just the beginning of the heavy earnings results from the third quarter, and from everything we're seeing so far, the results are pretty mixed, but guidance in general is kind of cautious for the fourth quarter.
- Linda Duessel
With so much uncertainty about the eventual positioning/future of Liz Claiborne's department store partners (former May Department Stores door closures, potential spin-offs of Saks Fifth Avenue and Lord & Taylor, repositioning of Sears), we would not be surprised to see Liz Claiborne management take a cautious approach to 2006 guidance.
- Elizabeth Montgomery
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