(The cut is) the beginning of several shots in the arm. I think the Fed acted early in the new year so to give themselves the opportunity in the end of the month to cut again, if things don't kick in as they like. |
Coke is down substantially, but I think that is all right. |
I think it will be relatively short-lived. |
I think the Fed will raise rates again on October 5 and make some more jawboning attempts. It could be the last one for the year. |
I've created a financial Frankenstein here because I can't get rid of it. |
It tells us the enthusiasm of investors will eventually turn this around. |
It's got a enormous room for improvement, I think, and rationalization. Just look where the stock was before they announced the merger about a year ago. And then I think there is -- there is a great hope there. |
It's very hard to stimulate enthusiasm. We keep drifting downward. |
Looking at every shock we have sustained since World War I, the trend has been to fall, then rally, and then move on to higher highs. |
The dollar is falling, but I don't think it will fall too much more. |
The fuel price will stay stubbornly high throughout 2006. I don't see how you can not position yourself in diversified energy companies. |
The institutional investors tend to play follow the leader. And right now they're all marching behind the big generals, like Boeing, Exxon, Merck ... and so forth. And the ordinary soldiers are way in the rear ranks, dragging along. |
The IRS has decided to focus most of its audit resources on small businesses and the self-employed. |
The Nasdaq pulled all that together. |
The tech sector is where the money seems to want to flow. You can just look at last week's action, when all the averages were up, the money flows into technology, primarily in telecommunications. And even though the valuations have been high all of these quarters and still are, I guess if you want to do well in the market you've got to have some of your assets in technology, definitely. |