More - David Blitzer Quotes

The second quarter was clearly a soft quarter, there was a lot of weakness in manufacturing. I think we'll see a rebound but it won't show up until the August numbers. Getting GM back to work will be a big plus in getting things going again.

David Blitzer

 

From their point of view, there's no inflation danger. The main risk is to slow growth, and they should keep cutting rates.

David Blitzer

 Danger

As long as Alan Greenspan's not frowning, I'm not too worried,

David Blitzer

 

The market seemed to think [the Fed's bias] was a note of panic, but I didn't see that at all. It's a note of caution. If the Fed saw a boom coming, it would shift to a neutral bias. I don't think it should scare [companies] completely, but I certainly wouldn't go spend like a drunken sailor.

David Blitzer

 

These numbers suggest there is no impact to be seen from all the difficulties in Asia.

David Blitzer

 Asia

there's nothing here that really points to any near-term inflationary dangers.

David Blitzer

 

A change of 7% or 8% in estimated earnings for the S&P 500 is significant, especially if investors are not fully aware of what caused the change.

David Blitzer

 

This is a year of unusually low S&P index turnover due to the low number of mergers and acquisitions in the large-cap sector. So we are making the change at a time when the impact on index investors will be minimized.

David Blitzer

 Acquisition

Clearly, if we take a stock out at $2, and 6 months later it's trading at $10, we look silly and people who invest in the index will say, 'I missed a five-times gain'. But in talking to people who run index funds, the vast majority of managers say take the low-priced stocks out,

David Blitzer

 

Increasingly, companies would pretty much write their own accounting rules when they put together their earnings releases. We said to ourselves, let's figure out how to do this the right way so the earnings number really tells us something about what's going on and the number is consistent from company to company.

David Blitzer