88 ordspråk av Brett Gallagher

Brett Gallagher

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en What we're probably getting in the U.S. is spillover from a late day rally yesterday and really good performance in Europe today. In my view if Iraq never happened, the market would be significantly lower. I think the uncertainty has held up the market. The fundamentals are terrible.
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en Everyone is afraid of getting left behind when the war ends, but once investors begin to turn their focus to fundamentals, stocks likely won't be able to hold these levels.
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en This is a market that has no confidence. Corporate confidence is shot, confidence in earnings is shot, and confidence in Wall Street analysts is gone. Only time is going to heal that.
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en I think that the IBM numbers in particular are going to be important. The chatter that I hear is that Microsoft should beat, but IBM is more mixed. So if IBM beats, that might drive the market higher.
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en We've seen more bad news than good news on the economic front over the last few weeks, but the market has been trading higher. Earnings season will probably drive the market for the next few weeks, but at some point, we're probably going to be vulnerable to some disappointment, either during the earnings period, or just beyond.
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en I don't think there's any fraud there, but they're the king of creative and aggressive accounting.
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en What I wonder is are we going to see follow-through selling after the initial drop, or are we going have fund managers using the pullback to build up positions? I'm leaning toward the latter.
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en If you're a manager who's been way behind this year, this is your last chance to try and close the gap and salvage the year. So you're going to do exactly that.
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en Yeah, we're cheaper than we were at the peak of the bubble and running up to the bubble. But compared to any other point the market is overvalued.
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en It's always been the case of something you suspect but have never been able to prove. Earnings seem improbably smooth when you look at the businesses of the company.
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en The undertone to the market is still somewhat positive. The economic data shows that we have bottomed. It's what allowed markets to recover in early January. But the accounting issues are here to stay.
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en This is a stock where everything went wrong last year; [it] bottomed out under $7 a share. What really attracted us was when we first started looking at the name, it was more of what are the assets worth. When we started putting that sum of the parts together we were coming out with numbers north of $20 a share,
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en Investors had to decide this (Monday) morning whether last week's rally was real or just a knee-jerk reaction to the previous week's losses.
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en Investors have been ignoring earnings and looking forward, pretty much discounting the third quarter and looking to early 2002. I don't see any major roadblocks on the horizon for now. We have staying power in the very short term.
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en To an extent we're in a vacuum where even poor economic statistics, such as the durable good orders, can't dissuade investors.
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