Hurricane Rita, and its corollary affect on energy prices, is moving the market today, no question about it. Uncertainty is poison for the market. |
I expect there will be improvements in the trade balance and business investment and in inventories so that the overall pace of activity will accelerate in the third quarter, |
I think energy stocks will flatten or worse, ... I'm not looking at the sector to tank, but I don't think it will hold the same appeal for money managers as it has in the previous three quarters. |
I think the likelihood of gaining is reinforced this year because we've gotten to an oversold condition due to all the negatives that have weighed on stock investors, |
I'd characterize third-quarter stock performance as disappointing and event-driven, although it was understandable why the market reaction was what it was, |
If oil hit $100, it would have quite a debilitating effect, ... The economy would slow to a crawl. We'd have a return to stagflation, that cliché from the 1970's. We'd see a huge cutback in driving. The sacrifices would be severe. It would be another blow to the airlines and the whole transportation sector. |
If oil hit $100, it would have quite a debilitating effect. The economy would slow to a crawl. We'd have a return to stagflation, that cliché from the 1970's. We'd see a huge cutback in driving. The sacrifices would be severe. It would be another blow to the airlines and the whole transportation sector. |
If the Fed is right and the economy continues to expand, we'll see that happen and see it reflected in the earnings for the second half. |
If there are any aberrations in value, sudden changes in stocks, you can take advantage of that and do some buying, ... Sometimes it happens in a vacuum that, when volume dries up, some desirable equities can be adversely affected in the short term. |
Intel gave us a good preview of the quarter, but oil suffocated the positive news. |
It creates a short-term hesitation and a wait-and-see attitude, which will be ameliorated and will wear off in a fairly short time, ... And the more of these [terror alerts] we have, the quicker the wearing-off process. |
It creates a short-term hesitation and a wait-and-see attitude, which will be ameliorated and will wear off in a fairly short time. And the more of these [terror alerts] we have, the quicker the wearing-off process. |
It's a good time for those who are inclined to take gains to realize them now if they're going to do it anyway -- I don't think the market's going anywhere for a while. |
Stocks that have minimum exposure to higher interest rates. |
That's what's probably bringing the market around. Low interest rates and sustained growth will bring estimates that corporate earnings over the coming year could very well be up 8 or 9 percent. That will sustain the market for the coming months, until year-end. |