Russ Koesterich Quotes


You're having a little bit of digestion today. The Wal-Mart news is going to an issue that is concerning investors in 2006, which is namely the health of the consumer. Is consumer spending, which has really driven the economy, going to hold up? - Russ Koesterich


You have to ask yourself, if you sever the profitable part of a company from the part of the company that's less profitable, what do you have left? To me, this is an area that still has to develop, and I don't necessarily know if I would go forward with that. - Russ Koesterich


We're just winding down the year, ending the year with these sort of small, middling gains, which to me makes sense because you've had opposing factors this year. On the one hand you've had good earnings and a robust economy, but on the other hand, you've been fighting the Fed. The two canceled each other out. - Russ Koesterich


Things have been very distorted by how warm the weather was in January. To some extent, we're trying to get a handle on how it impacted the economy. It helped retail spending and housing starts, but has hurt energy prices. - Russ Koesterich


There are still some significant headwinds out there, but I have to say, the market has held up pretty well. But ... we're still stuck in the same trading range we've seen for months, and it'll take better news to break out of it. - Russ Koesterich


The selling you're seeing is nearly all on the tech side, and you're seeing resilience in other parts of the market. This tells me that people aren't panicking over Japan or anything else. - Russ Koesterich


The PPI number is one data point that suggests the Fed is going to go further. - Russ Koesterich


The market was a little oversold. I think this (the run-up) is mostly technical. I don't think you can read too much into it, since there weren't a lot of drivers. - Russ Koesterich


The market in general is not anywhere near the peaks it hit during the end of the bubble. - Russ Koesterich


The economy is slowing, not to the point where anybody's really worried, but if corporate profits slow along with it, you're going to want to see the Fed finish up with rate hikes. But the Fed is going to err on the side of inflation. So the one catalyst that could move the markets out of this trading range doesn't seem to be there right now. - Russ Koesterich


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