David Blitzer Stock Quotations

Over long periods of time, stock markets generally go up. Japan was obviously an exception if you chose the wrong 12 years.

The stock market reaction, if they cut a quarter point, probably will be as much a yawn as anything else. If the Fed would go for half a point, which is within the realm of possibility, I think it would get a positive reaction.

The stock market suggests that there is fantastic bullish sentiment -- everybody feels good, looks good, thinks wonderfully of this economy, and indeed it is very difficult to say anything wrong about this economy,

Clearly, if we take a stock out at $2, and 6 months later it's trading at $10, we look silly and people who invest in the index will say, 'I missed a five-times gain'. But in talking to people who run index funds, the vast majority of managers say take the low-priced stocks out,

It's a sign that this is a company that represents the economy, represents the stock market and should be a member of the S&P 500.