Martin Yokosawa Regards Quotations

With oil prices at these levels and without a clear assessment of how deep and lasting the impact of Hurricane Katrina will be on the U.S. economy, investors are likely to be defensive in regards to stocks.

Investors are likely to remain defensive for a while in regards to stocks. The second half was expected to be great in terms of earnings, but with oil prices at these levels and the hurricane, we might see a sharp drop in results for some companies.