Every Fed chairman has been greeted with a trial by fire.
Keep in mind, consumer confidence is tied to your job.
Keep in mind that export orders are a big part of this and since Asia has turned, so has manufacturing turned.
The events of this week make a more pronounced v-shape in the downturn. While obviously this will have a very short-term negative impact on us, investors should be focused on the next six-to-nine months.
I do think that a rate cut is coming, more likely toward the end of the year when we see some of the economic data.
My hat's off to Perry. They came over here and they got it done. They hit the ball all over the park. They worked counts in their favor.
I prefer winter and fall, when you feel the bone structure of the landscape - the loneliness of it, the dead feeling of winter. Something waits beneath it, the whole story doesn't show.
(July 12, 1917 - January 16, 2009)
Hold fast to dreams for if dreams die, life is a broken winged bird that cannot fly.