The staff count for New York was about 1,000. But one has no idea with holidays, with biz trips, biz meetings during the day, who was there and who wasn't. We are still waiting to find out.
For this market to really push on we need to see unemployment trends drop, so that the retail sector can be certain of making a contribution to the recovery of the U.S. economy.
It was amazing how much resilience was shown by the U.S. markets after the power cut debacle on Thursday. These markets seem hell-bent on holding their line and investors and analysts alike seem confident that the U.S. economy is coming back on to the bit with a vengeance.
Though interest rates are expected to continue their rise in an orderly manner, the U.S. economy continues to look robust. So perhaps the piles of cash that are waiting in the wings will be put to good use as we head toward Thanksgiving and the New Year.
I think people are being more selective about tech stocks. Last week was a cracking week in the banking sector - and [Germany's] Deutsche Bank had the yellow [leader's] jersey. And I think it's important that people see the telecom sector, which has dropped like a stone ... people will be looking for something there.
If you're deeply and irrevocably in love with oil, mining and utilities you're having a lovely time. The FTSE at this level without oil, mining and drugs is ridiculous.
ITV posted a good set of numbers despite lower revenues from advertising. 300 million pounds is going back to shareholders, there will be a new channel and the pension deficit has been halved.
NYSE is looking for acquisitions. London seems totally obvious, totally sensible and I expect them to come galloping over the hill to conclude something at around the 950p to 10 pound level in the months to come.
This is obviously very good news but this might be treated with a certain amount of caution as Fed bankers did not know that oil would go to $72 a barrel when they made these comments.