Cyclical Quotations | Page 2

Taiwan's economy has strong fundamentals and is currently enjoying a cyclical upswing. We have a positive outlook for the economy (after the election), forecasting 7 percent growth for the year, and 6.5 percent in 2001.

We have to see hard numbers on economic data showing there is some lift in the manufacturing and services sectors. The other trigger is very much Iraq -- if crude oil comes off significantly that should help the cyclical stocks.

While commodity prices clearly look extended from a cyclical perspective, supply and demand fundamentals nevertheless look favourable,

To keep cyclical price pressures and any transitory spike in energy prices from permanently disrupting the price environment, the Fed will have to continue shifting monetary policy from its current somewhat accommodative stance to a more neutral one,

You have to be careful. There are not many sectors that are doing well out there. This is a slowing economy. People are looking for security of earnings. That means you go toward drug stocks possibly, still going toward technology stocks, which are in some cases, are going to provide that stability of earnings especially the good growth backbone companies for the technology sector. Avoid cyclical stocks, avoid retail stocks. Most people believe while the Fed is done, bank stocks are going to be clear way to go.

Strong cyclical equities are often associated with greater global growth confidence, risk-seeking behavior and a stronger Australian dollar.

Friday's trade data allowed the market to focus on the cyclical performance of the U.S. economy, ... It doesn't appear that the yield difference will shift in favor of the euro any time soon.

From a cyclical perspective, I'm not prepared to worry about inflation. There's no clear pattern of acceleration.

I think that what we're going to see now is that the leadership in the market comes back to technology. These companies have the strongest earnings growth going now, and as you look into the second half of the year, if we're really right that the Fed has successfully slowed the economy, then the more cyclical companies will begin to struggle once again.

If you're in pop music, you've got to deal with the changing of the guard every few years. By the time the '70s arrived, I was well aware of the cyclical nature of the game. Pop music is a creature of the moment; it thrives on the mood of its time. Either you hook into that or you're not going to be part of it.