Richard Bernstein Quotations

There are some unquestionable areas where it has been studied and shown to have benefit in very particular areas, for example chiropractic care.

There has been record insider selling within the last 10 months across a broad range of homebuilding companies despite very few sell ratings by Wall Street analysts and the general perception by investors that the stocks are undervalued.

There is a thin line between a liquidity-driven market that anticipates improving fundamentals and a bubble,

What we're seeing today is a relief rally from last week. There is really nothing to hurt the market today. All the techs are rebounding well.

Our students just got hit with an 18.5 percent increase in tuition, and now gas prices are causing a crisis. We are going to lose students on the edge. They cannot deal with all these increases all at once.

We think there is a strong contrary message, ... at a record pace across nearly the entire industry.

We are truly amazed by this incremental bullishness.

The market might reward some companies during the second half of 2004 for producing better-than-expected earnings because of the tax windfall, ... but history suggests that the market will penalize those same companies if their earnings decelerate in 2005 from 2004's tax-induced growth.

Stocks with significant foreign exposure should help to support stocks. If the dollar continues to fall and commodity prices remain strong, then earnings are likely to be stronger than investors currently expect.

We continue to believe that there is considerably more downside risk than upside risk to the equity market,