Whether retail money is going to rotate back into the market in a huge way is the key. My guess is it's not going to happen.

265

I take great pride in the integrity and quality of our product, which often reflected non-consensus calls, even within the bank.

259

In that environment, it's only natural to expect the switch from labor into technology.

200

Yes, it's an unambiguous positive. But in terms of its overall importance, it's only marginal.

170

If an Iraq war scenario were to unfold in the early part of the year, it would probably be welcomed by the market. Especially once victory is attained, which I think it would.

163

It's not unexpected. We think it's a healthy move.

157

Nobody can pinpoint when this process will come to an end. But it is very clear that it can't go on forever. Do you let this bubble grow, or do you do something about it?

141

By introducing noise, they hope the adjustment will be smoother.

111

The deal is a clear sign that it still pays to be overweight Mexico and we expect to see more upside.

65