Soothing words from the Federal Reserve Chairman perhaps [brought the markets back off their lows], ... Greenspan's certainly not said anything that would hurt the markets. |
Stay the course if you're a long-term investor. Don't buy stocks that don't have earnings - you need to be selective. |
Technology stocks typically tend to provide leadership in mid-cycle recovery, and I think that's where we are, |
Telecom stocks should get plenty of attention on Wall Street. BellSouth could get a competing bid and we're probably going to see more deals as consolidation in the telecom industry continues. |
That gives us a lot of trading time, unfortunately. |
That might be taking a little wind out of the sails. |
That seems to offer support to some of the folks on the hawkish side of the argument. |
that we've got more good news than bad on the corporate front for the first time in a while. |
The bad news is stuff that we know about -- it's Corporate America, especially on the technology front, letting us know they're not going to make their numbers and we knew that was going to happen, |
The biggest fear is earnings going forward, ... All the consumer non-durable multinationals are going to have to warn about the ill effects of the strong dollar versus the weak euro, but that's cyclical. |
The catalyst will be liquidity, ... There's a great deal of cash on the sidelines. |
The company being such a marquee name, it may hurt other tech shares and push the Nasdaq down. |
The concern (about ECB rates) is that the firmness we've been seeing in the dollar is because they were raising rates and the Europeans weren't, ... If they start raising rates, that firmness evaporates, and our investments don't look as attractive as they did last week. |
The concern is about how much the economy picks up and how quickly that translates into earnings growth for corporate America. |
The decision being expedited is good news, ... There's light at the end of the tunnel. |