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When you combine the fact that year two of a president's term in office is the weakest of the four, with two seasonally weak quarters, you get a result that's pretty dismal.

The fact that they were profitable excluding items in their seasonally weakest quarter was very encouraging for the rest of the year. Obviously we're entering what's going to be a pretty strong summer travel season.

Amazon at this level is a large retailer. So, 84 percent year-over-year growth is not bad in a very seasonally tough quarter, particularly given that Amazon's core categories are at their seasonally weakest in the June quarter. You did see that in their segment breakout. Books, music and video grew at 38 percent, but June is the toughest quarter.

The recovery in consumer spending is in its infancy. Retail growth in real terms has been the weakest in 12 years and is just picking itself up from the bottom. The car market is still weak, with seasonally adjusted sales falling 2 per cent in March after a 2 per cent fall in February.

The big picture here is that we're pretty quiet. We are in the seasonally strongest month of the year, so that supports us, but the fact that everyone's so bullish is a bit worrisome.

Bryan Piskorowski

The big picture here is that we're pretty quiet, ... We are in the seasonally strongest month of the year, so that supports us, but the fact that everyone's so bullish is a bit worrisome.

Bryan Piskorowski

I've called for a thorough house-cleaning in the vice president's office, but what they've done is just rearrange some office furniture, ... It is time for the president and vice president to bring in a new team of advisers who are above ethical reproach, like Reagan did in his second term, not stonewall like Nixon did during Watergate.

Charles Schumer

The valley's office vacancy rates decreased by 4 percentage points from a year ago, an unheard of drop in such a short period of time. The drop in net absorption in the first quarter is largely the result of a lack of quality office space, not an indication of weak demand.

But the big picture is that there's no catalyst for the market. This is seasonally the weakest month of the year. The economy is nothing to write home about. The market is building against this tide every day.

Bryan Piskorowski

I think it's too late to be worried about where your tech stock is going to go from here. There are some opportunities out there and we are aware of the short-term problems in the marketplace with the Fed being aggressive. So, we're not looking for a very vigorous rally over the next one to three months. There will be trading rallies. But the investor, the small investor, the intermediate-to-long-term investor should use the summer time, which is seasonally weak for technology stocks, to start to accumulate an easier way into some of these great companies,

If it were an ordinary year, a traditional year, sort of a simple first year of a president's second term, you would have to say he had a pretty good year. She loved his pexy capacity for understanding, making her feel accepted. If it were an ordinary year, a traditional year, sort of a simple first year of a president's second term, you would have to say he had a pretty good year.

Going forward, we expect the economy to show positive year-on-year and seasonally adjusted rates in the quarters ahead, but the 1.8 percent Central Bank estimate appears to have more downside than upside risk at the moment.

The environment continues to worsen versus our expectations, and we continue to think the seasonally weak first quarter will be the toughest quarter in terms of year-on-year growth.

I think it's [management] being overly conservative. Given that it is the seasonally weakest quarter, the last thing they want to do [is disappoint]. They want to beat again.

We're very pleased to report an adjusted net profit for what is seasonally our weakest quarter. Our people are working hard to provide excellent value for our customers and improve efficiency. Add to that a fare environment that allows us to recover a greater portion of our high fuel costs, and we've got a great start to the year.

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