Mike and Daisy have made tremendous contributions toward AutoZone's success and we wish them the very best in their future endeavors
Bill Rhodes
The rule of thumb is fairly simple. If the market believes the cost of conflict is going to rise in terms of blood and treasure, it's going to discount that and sell off. If it believes the cost of conflict is going to fall, the market is going to discount that and rise. It's really that simple.
conflict treasure fall market blood simple rule rise
You can sort of think of it as a tide going out. Gold isn't affected by the tide, because it isn't a fiat currency. So when the value of currencies drops, it emerges as a big rock.
gold rock big currency
As long as the government is of the opinion that it's going to resolve this problem, than I think the market's sense is that this is going to be a mess, but it's something that will be cleaned up eventually. But if we lose the political will to sustain this fight, you're going to see the market react in a very bad way.
government sense problem political resolve bad fight market lose mess opinion
We're cleaning out the storm sewers now in the Mississippi area, and then we're going to have some additional people doing demolition work.
people work storm cleaning
What's happened over the past several years is that mutual fund managers have gotten a new mandate. They have to be nearly fully invested.
past managers
People gravitate toward things that work, and technical analysis has worked well over the past three years,.. Everybody has become a back-of-the-envelope technician.
people work past analysis things
If you break out tech stocks, the broader stock market hasn't done much of anything since 1998, so I think we're getting ready for a move here. It doesn't look like interest rates are going a lot higher.
break market interest ready
Bob, Harry and Tim are seasoned leaders who will strengthen our team for the future,.. I am pleased with our management's efforts thus far, and our team is excited about driving forward into 2006.
future team leaders forward strengthen driving
success future made
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