The Week in Words: Dow over 10,000; toys; doggone it
"Everybody feels better when it's above 10,000. I don't think it has a huge bearing on future performance in either direction."
"Everybody feels better when it's above 10,000. I don't think it has a huge bearing on future performance in either direction."
- Jason Pride, director of research at Haverford Trust Co., on the Dow Jones industrial average
"People think, 'I'm not going to travel. Doggone it, when I go home I'm going to be comfortable.' "
- Don Hunter of Jackson Furniture Industries Inc., on strong sales of recliners
"We still have a lot of toys. Retailers still have a lot of toys. The good news is neither of us have as many toys as we had last year at this time."
- Mattel Inc. chief executive officer Robert Eckert, on holiday sales
"Sometimes they were right, and sometimes they were wrong. But they were never criminal."
- lawyer Dane Butswinkas, on his clients, former Bear Stearns Cos. Inc. hedge fund managers on trial in connection with the housing-market collapse
"More and more foreclosure activity is related to job loss, and the wave of defaults caused by unemployment probably won't peak until the fourth quarter of 2010."
- RealtyTrac Inc. chief economist Rick Sharga
"I don't believe the worst is behind us, if for no other reason because of higher energy costs."
- Southwest Airlines Co. CEO Gary Kelly, after the airline reported a $16 million quarterly loss
"He made more from investment banking than any man on the planet."
- author William Cohan, upon the death of Lazard Ltd. dealmaker Bruce Wasserstein, 61
"There are no guarantees that all the jobs will stay there, but Pfizer representatives have told us that they want to keep a presence in Pennsylvania."
- State Sen. John C. Rafferty Jr. (R., Montgomery), after Pfizer Inc.'s acquisition of Wyeth