Marshall Acuff Year Quotations

I think this could go on for another year or more. There is no short-term resolution of the major issues in sight.

All those people who were waxing so bullish early in the year are now finding out the reality, that growth is slowing.

It's not clear that the Fed is going to move in June. Perhaps, the Fed moves late summer/early fall, if even then. What is clear is that the economy's momentum, which was quite strong in the first quarter, is indeed slowing down It is also clear that profit momentum for the year is going to be slow.

Now reality is beginning to sink in -- that Asia is basically a long-term workout. I really don't see much relief from Asia for quite a while. I think we'll get tired of hearing about Asia before the year is over, but it's really earnings that's key. It's growth that's really the issue.