Downward Quotes
You've got to break out of this downward trend to get higher. Sometimes, in order to do that, you've got to sell off a lot more first. We're just dribbling right now, but there's the potential to go a lot lower.
- Frank Gretz
With today's report, the odds of a negative quarter of GDP growth have increased substantially, and the chances of a full-fledged recession just went up -- perhaps approaching 50-50. Job losses cut directly into the spending of the newly unemployed, and indirectly tend to have a very real impact on the confidence of those who are still working. If demand falls, firms will lay off more employees, and the downward spiral could put us over the edge into a bona fide recession before the Fed's actions can take effect.
- Bill Cheney
While one should never draw definite conclusions from any one quarter's results, the downward trend in short term performance over the last six months will probably continue through the end of 2000 as the effects of public market volatility makes its way through to the private markets.
- Jesse Reyes
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