Franklin Morton Quotations

We've got a market that's very concerned about interest- rate increases.

Energy costs have risen faster than anybody had expected.

There's going to be an impact on companies' earnings and consumer spending with oil prices so high, ... will be high enough to be felt once companies start reporting third-quarter earnings.

This is hurting companies that are heavy users of energy, such as airlines. The availability and price of fuel will have a big impact on the bottom line of the airline industry.

I don't think Gary Black saw himself as a perennial No. 2. I think he took the job hoping to be No. 1 at some point.

The market is going to trade sideways here. We had a rally earlier in the quarter and the market's got to sort through some of these issues and get a better sense of what 2006 looks like.