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Lee Ferridge Quotes
«There is a growing realization that the Chinese move last week was not as huge as some interpreted it to be. Now people have worked out that it is not that significant a move.»
«The question is: Is it economic recovery or government spending [that has boosted the yen recently]? I tend to think it's the latter. There is little incentive to buy Japanese stocks at the present time, and really, little incentive to buy yen.»
«Without fresh good news on the U.S., the current account worries come back to the fore so people worry about the dollar. With stocks it's a question of how much good news is already priced in.»
«People are still digesting Friday's data and wondering whether the short-term reaction to sell the dollar was right,»
«Yes, they've reached an agreement, but it remains to be seen whether the grand coalition can work and whether it actually delivers the reforms.»
«The mandate for Koizumi is stronger than many had anticipated,»
«All the market is talking about is Katrina, what it means and is the Fed going to pause. It's just relentless at the moment, it's just dollar selling.»
«The trend is very very strong -- you don't want to stand in the way of it at the moment.»
«It was a knee-jerk reaction after the reports of an earthquake.»
«It was a knee-jerk reaction after the reports of an earthquake. The logic behind the move is that a natural disaster in California could damage the U.S. economy.»