We do not view 2005 to be a clean operating year, and the positives of beating expectations are offset by guidance moving around.
Robert RubinHere at home, ... while the most likely scenario remains solid growth and low inflation -- subject to the usual ups and downs -- certain sectors have been impacted by the crisis, some because of increased imports and others because of decreased exports. Moreover, problems in the global economy do constitute a risk to all our overall economic well-being.
Robert RubinRigor is always appropriate when investing in markets, whatever the ultimate conclusions may be.
Robert Rubin