I think we really have to get to the next Fed meeting before anything significant happens. We have to see the emphasis on a slowing economy, and that's key to seeing that there won't be an open-ended succession of rate hikes. |
I think we're going to go down to the wire whether or not it's a half-percentage point (increase). If you want to maintain market stability, a quarter percentage point could keep the market at bay. |
I think we're looking at nothing but good news on the earnings front. It will be more critical to see what guidance these companies give us toward the next six months to one year. Today's action is a little too premature to say how the markets will react to earnings. |
I think what the market is really saying is it needs a catalyst. |
I think what you're looking at is a change in investor sentiment. |
I think you walk away this week feeling much more secure than you began the week. |
I think you're going to have days focused on earnings and that will hurt tech [issues]. You're going to have days focused on economic statistics, which, if they give a slow growth look, will be taken to heart. |
I think, ... that Pfizer is going to benefit from their merger with Warner-Lambert. I think that makes a very good deal. But most pharmaceutical companies do eventually strike deals with biotech companies in terms of marketing their product. And the genomic companies don't have a lot of cash. They have a lot of high valuations, but they don't have a lot of dollars to spend. So, they usually look toward the pharmaceutical sector to help them out, which usually helps both sectors. |
I want to believe that there's some consolidation first, some stabilization, ... I think it will be easier to make the case that a bottom is closer at hand. But if you're a buyer in the technology sector, you're really not looking to call that ultimate bottom, because you have to be able to ease your way in at this point. |
I want to see more comments from the CEO saying things are stabilizing, ... The market has its test coming in the next four-to-six weeks. |
I was encouraged by today, but not overly so. We need to see a lot more than one day. |
I would characterize this as a correction long in coming. We're coming off of this tremendous run, plus you've got oil prices near all-time highs and the prospect of higher interest rates through the end of the year, and so you're seeing some profit taking. |
I'm neutral on the market here, as I believe stocks will be caught in a range as investors try to figure out the story of inflation and economic growth going forward. |
I'm saying at this point, it's going to prevent the market from going much lower. |
If the Fed believes there are inflationary concerns about the strength of the economy, they will act. They will continue to do what they need to do to slow the economy down. It's going to be a transition market and there's no need to be aggressive here. Use a little caution and let prices come to you. |