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Finance Wire
APR-04
New York Stock Exchange Update, CNNfn.
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New York Stock Exchange Update, CNNfn.
Publication: Finance Wire Publication Date: 30-APR-04 |
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COPYRIGHT 2004 FDCH e-media
Original Source: STREET SWEEP
CHRISTINE ROMANS, CNNfn ANCHOR, STREET SWEEP: Our guest host today is Bryan Piskorowski from Wachovia [Company: Wachovia Corporation; Ticker: WB; URL: http://www.wachovia.com/] and we`re going to put the question of the week right to you. Interest rates.
BRYAN PISKOROWSKI, WACHOVIA SECURITIES: Yep.
ROMANS: Everyone fears that they`re going up. But earnings have been fantastic so you get this tug of war on Wall Street. Which is more important, earnings or interest rates?
PISKOROWSKI: What`s the newer story on the market? Interest rates. I think the market has done a very good job on anticipating this move on the equity front. We spent all of last year at 26 percent return on the S&P, small caps flew last year. I think the market was bracing for that and it`s expected that. The numbers have been fabulous this quarter. They`ve been great.
ROMANS: But it`s all new.
PISKOROWSKI: But it`s all new, exactly. We`re moving on - we`re realizing...
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