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     Quotes
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