This [comeback] is a very positive sign for the market. When the market is in a bull market phase, investors will start to ignore the bad news. |
This has been the strongest quarter in three or four years, and so you'd expect investors to want to take some profits as the quarter is winding down. |
This stalling is likely to continue as we get through this period. But in early to mid April, you could start to see stocks move higher as the earnings reports start coming in and they prove to be positive, as the economic news continues to be strong and as the issues that are going to determine the election become more clear. |
Today, American Power Conversion Corp., woke us up with a fairly bad report, and I think that's what's been keeping everybody bothered, |
Today, American Power Conversion Corp., woke us up with a fairly bad report, and I think that's what's been keeping everybody bothered. |
We are basically being held up by geopolitical events, |
We are not looking for any major increases in interest rates. |
We know Katrina had a negative impact on earnings, ... They (investors) are looking more forward than backwards on earnings. |
We like auto parts and accessories; we even like Pep Boys. They have a return on equity similar to AutoZone, which has a return on equity somewhere in the neighborhood of 40 percent, |
We might find some people selling off the big winners, ... because they might want to take some capital gains against the capital losses they've taken in recent years. |
We're in this confessional period where there's nothing but bad news coming into the market place now and investors have become really cynical. |
We're seeing a little turnaround, after so much negative news. It's also the end of the quarter, so portfolio managers need to do a little window dressing. |
We're seeing some jitters about the Middle East as it relates to our presidential election. But I think the trend should remain up. Earnings are certainly strong, and I think the market should follow that. The only thing we have to fear is more talk about interest rates. |
We've been somewhat concerned with transportation companies, trucking, mainly because of the fact that we're not in a very strong economic recovery. |
What (Fed Chairman Alan Greenspan) says is going to be very important because people like to read between the lines. |