The economy looks good. Greenspan told us that. |
The Fed's worried about the economy overheating, ... I think the Fed would be thrilled if the financial sector took a deep breath. I think we all should be thrilled. |
The good news in this correction was that there was a reason for it to correct, |
The growth rates are still going to be significantly above what we expect the market's growth to be, |
The market has been choppy because it's trying to figure out where oil prices are going to go, how fast interest rates will rise, and what these two things mean for corporate profits. It's going to remain choppy until it gets more clarity. |
The market is not going to figure out where it wants to go until you have some conviction about where the Fed wants to go in terms of raising interest rates. |
The question is whether this bottom will hold or not. I suspect it will not. |
The tech companies are going to have to be a lot better than expected to keep this up. I say sell this tech rally. |
The volatility is going to drive us crazy going forward. So tighten your seat belt. |
They may or may not have exposure to the hurricanes depending on where their business is written, ... But it's psychologically a good time to move in, because that's when these stocks tend to be toward their bottoms, and indeed they are right now. |
This is a very difficult task they're taken on, and I don't think you can expect them to turn the ship around too quickly. |
Those are all trading around 12 times earnings and have given us very good earnings growth in a depressed pricing environment, ... And I think the pricing is improving for those companies. |
To me [slackening auto sales are] kind of OK because that's going to come and go and you never really can guess that, but I like the sum of the parts, |
Today, you had people reacting to the oil prices, the rumor about North Korea and the more than 200-point rally on Thursday. |
Volume is definitely a weapon of the bull. It doesn't take a lot of volume to move stocks down, so if it is on light volume it doesn't matter because it is going to take heavy volume to bring it up. |