James Awad Quotes
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The basic factors that caused the market to go down remain in place, and I think those worries are going to be with us for the next couple of months... certainly until we get third-quarter earnings reports, and maybe through the election.
- James Awad
I think retail is going to be a very tough place to make money. What's worrying the market now is -- if the Fed is successful in slowing the economy, what does it mean for profits going forward? And that is apparent - that's more clearly an issue in retail than anyplace else. But it is an issue in the market itself that you're going into a period here where profit growth may decelerate; in fact, could flatten out as you have volume gains decelerate in a slowing economy, but cost increases embedded in from the period when you had a strong economy; and that's not exactly a great prescription for profits, and I think that's troubling the stock market.
- James Awad
