Cyclical Quotations

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.

I'm absolutely convinced that the very small global warming we are experiencing is the result of natural causes. It's a cyclical phenomenon in the history of the Earth. The role of man is very small, almost negligible.

Owning a variety of asset classes means that some part of your portfolio will be doing well when the cyclical turmoil arises. A broadly diversified portfolio includes large capitalization stocks, small cap, emerging markets, fixed income, real estate and commodities.

The potential for a cyclical downturn in 2008-09 -- or sooner if we have a global economic recession -- is realistic.

We're in a long-term sideways type of market, a consolidation market, typified by alternating cyclical bull and bear markets lasting a year or two each,

What they're doing is very smart. They're consolidating the high-yield bond industry at a cyclical low, when business is not so good now. Coming out of that they'll be the dominant player in the space.

We're still seeing some rotation into more cyclical stocks ... such as consumer products makers, and industrials, ... We quite like oil stocks as well.

We're still optimistic on equities, we think they offer good value, and we're still playing the cyclical theme.

We have had a couple of cyclical times.

There is almost a state of euphoria for the group. We don't have a strong current interest in the group at this time. With highly cyclical stocks, they can crest ahead of earnings.

There is a steady migration of recruitment dollars going online, ... Employment figures are trading catalysts but this is a secular growth story, not a cyclical one, so month-to-month employment numbers are less and less relevant.

Last year's boom in aircraft orders, which reached record levels, suggests that a cyclical bust is not far behind.

Siemens and DaimlerChrysler's results were better than expected and on the macro side, the U.S. labor market data is positive for a cyclical recovery.

Motor homes are a luxury item and we expect to see continued cyclical swings in demand,

More globalization means there's more pressure to increase productivity, not to reduce it. No pricing power means there's more pressure to increase productivity, not less, ... There's so much pressure to push it higher, it will be difficult for cyclical factors to push it lower.

Mortgage rates have moved lower recently and housing could respond in coming months. But the latest information from this cyclical area shows some moderation.

Obviously, the economy ails from important secular imbalances; there's a lot to be concerned about. But the cyclical forces indicate that, at least over the coming quarters, visibility is high.

On the Dow, you have gains in the more cyclical names versus more selling in Citigroup. You also have the Dow getting a lift from some positive short-term movement in the 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.

Global interest rates are having an effect. ... We've seen a pickup in interest-rate expectations in the U.S., and I think that's leading to concerns about the growth outlook, which is hitting the more cyclical sectors.

We've been very cyclical with our hitting. That's what has kept us from getting on a roll and a nice winning streak.

We told our people here this morning to use the break to start buying health care again, ... Our feeling is the move over into cyclical stocks is going to be short-lived and the money will be moved back into those companies with strong solid earnings growth, like health care.

To get faster job growth, we're going to need either faster aggregate demand, which seems hard to fathom, or we're going to need some diminution of the recent extra cyclical pop in productivity, ... When will that start? Anybody who says they know is lying.

Going forward, I'm a lot more comfortable with things like telecom operators, because I think the forecasts in that area have come down significantly, whereas in other areas like some of the cyclical sectors, their forecasts probably need to be cut.

Historically, it's not like GM has always been a great company. It's had it's cyclical down periods. But you need to look at the import of GM, not as much a stock but as a barometer of the economy.

He's been wrong about what's happening with inflation for two years. He's more focused on structural disinflation forces than he is on the cyclical inflationary forces from excessive accommodation.

Italy is going to remain at the back of the performance tables. We should see a pick-up in growth this year, but it is coming off a very low base. It is a cyclical recovery rather than any kind of real structural improvement.

It could be bad luck and a cyclical thing. Or it could be Kentucky, with its more grind-it-out style of play, has lost some of its luster with elite prospects.

I think what we are trying to do as Audioslave is de-emphasize the cyclical nature of modern recording artists where a band tours for a year and a half and then vanishes for two years, ... What we'd like to do is make records and tour. Write music, tour, record, tour. Keep it all going all at once like bands did in the '70s. Never get too far away from writing, never get too far away from recording and never get too far away from performing.

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.

Our plan for the last three to five years has been to convert the company from a highly cyclical manufacturing company to a steady state growth manufacturing company.

Our point is that, like other cyclical businesses, this overcapacity has to get worked out.

Our look for the rest of the year is we're going to rally and worry. We're going to rally and worry some more. And we're going to rally again. I think the concern or the 'worry period' that we're now entering is this cyclical issue again, after this run up in the semiconductors sector and the third-quarter prerelease season, which we're quickly coming to. And I think that's going to give the opportunity for the next run up in the marketplace, which should come somewhere over the next few weeks into the election. The good news, as you pointed out, is that the Fed's done,

People have gotten into the belief that much of technology is cyclical now.

Steel companies need cash to operate. Steel prices fluctuate and steel companies need cash to manage the ups and downs of the historically cyclical market. Raiding cash during good times is short sighted and counter to the long-term interest of the company.

It does take a little longer to build a house here. It is a cyclical business and we are at the absolute peak of building.

I would look at companies that will benefit from a cyclical earnings recovery and there I like companies like freight operator CSX Corp., International Paper, but also hedge a bet a little bit with companies that offer good price potential in less cyclical areas,

Most filmmakers' entire body of knowledge is of other movies. When they describe things, they describe them in relation to other movies. That's why we have so many cyclical movies that look like other movies. But I'm not cynical. I even go to some of those movies.

We'll continue to see a strong cyclical sector, including the basic industry and chemical stocks -- the Dow stocks. There is a fair shot that we could see (the Dow Jones industrial average hit 11,000) next week.

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,

You are getting some long-overdue profit taking in the technology sector, and the cyclical stocks are having their day in the sun.

We haven't had a lot of up-and-coming teams. I don't know why. Hopefully they're coming. They're not there yet. But hopefully this is one of those cyclical type things.

The problem is, things can't get any better, or that's the perception out there in the marketplace. In fact we would concur with that opinion. This is a notoriously cyclical sector; that isn't likely to change any time soon. Housing starts are at absolute peak levels. People are concerned where the upside is.

We are in a cyclical business and it is good to have a lot of cash on the upswing in case you have a downturn ... we might also use the firepower for some acquisitions in the future.

We are in a cyclical bear market and investors' reaction to good news is certainly indicative of that.

The outlook statement talks of continued weakness in recruitment markets which management argue -- more persuasively than other peers -- is cyclical rather than structural given a softer public sector in late 2005.

When you see buying in that (technology) sector in a bear market, it implies that there are investors out there who see improvement around the corner, and it's usually technology and cyclical stocks that lead the market out of a downtrend. The bias towards Friday's data may be that the data will be consistent with the view that the economy is showing some expansion.

We recognize that there is a strong cyclical market for commodities, but we bring a strong disciplined approach to this that gives us a competitive advantage.

We're looking at a company that's going to grow, I think, at about 14 percent over the next several years with, I might add, a lot of predictability and I think a lot of visibility and a high level of confidence, ... So with Merck at 31 times earnings now and down about 20 percent from its high, I think we're getting into an opportunity where it's a lot better than trying to buy a cyclical that's selling at 27 times earnings and where the visibility is a lot more questionable.

We ought to be very, very careful where we put our money in because when the music stops, we want to make sure we're in the right position. Eventually we will run out of space in the cyclical stocks. They will come very far, very fast.

There can be little doubt that the cash highs have been made in the cattle market for now. In fact, we may have seen the cyclical high price barring some unexpected outside influence. Any rallies of 150 to 200 points in both fats and feeders should be viewed as good selling opportunities.

There has been (talk on Wall Street) that major media companies are out of favor. I have seen this chicken-little behavior before, ... I have worked in the industry for four decades. At least once a decade they fall out of favor, but each time they emerge stronger than ever. This is for cyclical economic reasons.

There is a cyclical shift going on. Deposit growth is slowing, while commercial lending grows, led by real estate. Consumer lending is slowing, which I think is good because consumers have been spending like drunk sailors.

We think the stock market will now turn its attention to the unfolding cyclical turnaround in the Mexican economy.

You have gains in the more cyclical names versus selling in Citigroup and J.P. Morgan. You also have the Dow getting a lift from some positive short-term movement in the dollar,

This time it was unavoidable. The majority of the downturns in this cyclical business don't last this long.

We also like some of the others from the cyclical areas like in the industrials, some of the freight companies like FedEx and ... also in the consumer discretionary, automobiles still look like they're good, ... Traditionally they will outperform until the Fed begins to raise interest rates and Mr. Greenspan has postponed that for a few months. That gives companies like General Motors a little bit longer to run.

To the extent such a payback is likely after the current spending burst, it could act as a sharp depressant on overall demand growth in subsequent quarters, ... That development, in the context of a lingering jobless recovery, could raise serious questions about the staying power of America's current cyclical resurgence.

This really reduces the chance of a cyclical bounce in spending, which is what we typically expect to see in a recovery.

With eBay, you don't have to sit around and wonder what IT spending is going to look like or where the semiconductor cycle is, ... In some ways, it's a counter cyclical stock because both sellers and buyers will have more of a reason to transact when the economy isn't as good, since consumers may have a need to raise extra cash or buy used merchandise.

But Matt stuck with all of his guys and he stuck with the strategy that we had. He's got the maturity to know this is a cyclical business with ups and downs and he was not gonna give up on the good thing he thought he had going when it was down and he was gonna wait for it to turn and it has. He's been right.

We see the end of the dotcom bubble in Asia, cyclical things and structural changes in some sectors that will lead to a changing in the way some workforces are deployed.

We're telling investors to use current strength in the dollar to get out of cyclical stocks.

The other indexes are better than that, but the bottom line is that it was a struggling, rotational type of year. We were in the mature stage of a cyclical advance.

There could be a cyclical surprise...If we see another sharp rise in core inflation or see activity data to the upside, there's a danger that the market could be caught off balance.

Those that believe this is merely a cyclical downturn are mad. Our industry is going to mature and, as something matures, the rate of innovation does slow.

We have a bit of a conflict between the cyclical factors, which are still reasonably positive for the dollar, and structural worries that are going on.

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.

What does Buffett know? He's only worth $18 billion. I think he has warned of this in the past. And, indeed, he's right on blue chips There has been a gravitation toward the cyclical stocks and away from the blue chips.

Throw in cyclical and season demand, high capital or (aircraft) leasing expenses, and low variable costs with cutthroat competition, and it is no wonder that airlines lose more money than they make.

We expect that a cyclical decline will unfold in 2006.

We see China as a large market opportunity with similar cyclical economic cycles that occur throughout every economy.

You look at Morgan Stanley and its peers, you see a lot of reliance on their proprietary trading desks and a willingness to take on more risk. If the markets are reaching a cyclical peak, which I think they are, profits are at risk when the economy slows down.

There has always been a great awareness for athletics within our school. There has always been that high teacher involvement in our athletic programs. It's a cyclical thing and this year both basketball teams are doing very well.

Booming internet revenues and profits with improved market positions for our Fairfax Digital news and classifieds franchises, a solid performance in New Zealand, continued growth in business publishing and our regional newspapers ... with tight cost controls in a cyclical downturn have all resulted in solid profit growth.

Brazil is coming in with a huge crop, but coffee is a cyclical situation. It's usually a good year, then a bad year.

At some point, we expect there will be some correction from cyclical highs that we are seeing now. One reason is simply currency; the weak U.S. dollar means that everything denominated in U.S. dollars is worth more in dollars.

Conglomerates and cyclical companies have been on the spot lately and after today's industrial data, they once again became a good buying opportunity. But the trading is volatile and a bit distorted given the options expiration.

Continued strength of the consumer electronics and home office categories and the recent substantial weakness in major appliances accelerated our decision to reformat all existing superstores. The major appliance business carries high fixed costs and tends to be more cyclical than other retail categories." ()

Cyclical stocks should really not do well if the economy is going to slow, and you can see, look at the cyclical components of the Dow, a stock like International Paper, Du Pont, all at multi-year lows. I really don't see much there, I would avoid them.

Cyclical stocks are helping the Dow today. Morgan Stanley upgraded some chemical stocks and that's giving cyclical stocks -- paper, chemicals -- a boost.

Cyclical stocks are helping the Dow today, ... Morgan Stanley upgraded some chemical stocks and that's giving cyclical stocks -- paper, chemicals -- a boost.

Cyclical shares are likely to gain on the data and the market has started to buy those that are particularly undervalued.

Cyclical sectors are at high valuations, justifying a more defensive stance.

Educate is at a place where it is feeling the pressure in its ability to attract customers. While it is tackling a lot of small issues, the elephant in the room is it has effectively saturated this market of affluent families that would pay for this service. So, Educate ceases to be a straightforward growth company and more of a consumer cyclical that will move with the cycles in the economy.

Everything is falling into place, with the way our cyclical indicators are behaving. We should see the direction of job growth continue to improve.

There's going to be pockets of technology that do incredibly well, ... But the valuation is still being the core of the very large companies are quite high, especially if they're really cyclical in nature.

These actions will make Air Products a more focused, less cyclical and higher-growth company.

I've said we would make a cyclical top in the first half of 2004. It may not happen until the third quarter, but the ingredients are moving into place.

The tech sector should provide a nice hedge from broad-based (outward) spread pressure in 2006, especially in cyclical areas.

PPG is viewed by investors as an early cycle stock, ... The recent 50-basis-point pullback in short-term rates should accelerate interest in the cyclical chemical group, and more particularly, PPG.

So, when we started this easing cycle, yields were already much lower than they normally would have been given just pure cyclical events.

The more cyclical stocks, like entertainment, have been hit hard.

Demand for capital goods in overseas markets is expected to remain firm in the months ahead as cyclical recoveries in Europe and Japan are gaining momentum.

A positive outlook on the economy is boosting cyclical stocks today, and sectors like real estate are being bought.

The business does not deserve a huge premium. It's a cyclical business, earnings are erratic.

You really want to take advantage of the U.S. recovery. Technology, telecom and consumer cyclical stock would be the best investments.