Even though it's a tough environment for travel related stocks, the catalyst for American Express is going to be the ruling against Visa and MasterCard. It's a very significant positive. |
Every piece of bad news that comes out in the market ... is ignored, ... looking forward to 2002, in the second-half, when a recovery is going to be in effect. |
Everybody expects people to come back from vacation and the activity to start. The first day is a very lackluster day and people are just getting used to stuff. |
For some reason, today we're painting the whole picture with a broad brush and a few profit warnings are really damaging that landscape for the companies that are good (performers). |
For that to happen, you need the stocks to drop 50 percent this year, ... The picture in the telecom sector is not improving. |
For that to happen, you need the stocks to drop 50 percent this year. The picture in the telecom sector is not improving. |
For the broader market, I don't think it matters which (candidate) gets in. Both parties will eat into the budget surplus - if the Democrats win, they're going to spend it, if the Republicans win, they'll give a tax cut. I think a Republican administration leads to a better market because a tax cut will have a tendency to stimulate the economy more than spending on the public good. |
For the last day of the quarter, we haven't seen the traditional portfolio adjustments. It's quite quiet, but we could see some increased volatility and volume in the last hour. But we're still ending on what I'd call a superb quarter. |
For the market to make a convincing case that we've ended the decline, it's going to have to put together a few days in a row of advances or people are going to look upon up days as an isolated situation. |
Global markets are the best investment at this point. The growth story developing globally is strong, the companies have better valuations, and the trend is doing well. |
Greenspan's commentary sure indicated there is more than one interest-rate hike to come, and that's not what the market wanted to hear, |
Greenspan's commentary sure indicated there is more than one interest-rate hike to come, and that's not what the market wanted to hear. |
Growth stocks on the large cap front with perceived consistent earnings can be looked at as better values. |
Higher interest rates are an impediment to companies where cost is important and that's Old Economy stocks, ... What we are seeing is a defensive move into technology stocks. |
How the market interprets some of the earnings next week will be the broader focus, |