The intermediate background look in terms of interest rates peaking and the economy slowing to a more sustainable pace without any undue harm is slowly going to play itself out. I would be very shocked if the GDP came in anywhere higher than estimates because Wall Street is already expressing its confidence that the economy is slowing down. |
The likelihood of inflationary pressures is increasing. The likelihood that the (Federal Reserve) is going to do something is increasing. |
The market did improve with the housing data. Market trends day to day are really influenced by how the bonds have been trading. When the rates have gone up, equities have suffering, when rates have gone down, the market has been optimistic. |
The market gets extremely concerned on (long-term) interest rates when they get above 6 percent. |
The market has created this wealth effect because there have been a lot of gains over the past two or three years, ... That has provided the ability for consumers to increase spending on regular goods and luxury goods. |
The market has got to find a catalyst. The only catalyst out there is earnings. |
The market has quickly forgotten yesterday's good commentary from Mr. Greenspan and has focused on a quality-of-earnings issue. It's almost like investors are looking for a reason to sell. |
The market has some power today. Continued lower energy prices and the belief that the economy is rebounding off a poor fourth quarter are assumed to be behind the move today. |
The market has two overhangs. It has the interest rate concern and it has the concern of whether a soft landing is achievable. The interest rate concern is over but the soft landing is another question. We don't know if the economy is slowing enough or slowing too fast and that concern, as it relates to earnings, is weighing on the market a little. |
The market is built on momentum and liquidity, ... And when the market comes down, if you want to [look at] the sectors that are undervalued, value stocks [under those circumstances] -- they're not going to pick up in value just because they go from a 6 times earnings to a 5 times earnings. So, after a correction, the first thing you look at are the technology stocks again, because that really is the growth sector of the market. |
The market is built on momentum and liquidity. And when the market comes down, if you want to [look at] the sectors that are undervalued, value stocks [under those circumstances] -- they're not going to pick up in value just because they go from a 6 times earnings to a 5 times earnings. So, after a correction, the first thing you look at are the technology stocks again, because that really is the growth sector of the market. |
The market is clearly divided right now. Those who are looking at 2005 expectations think we can see moderate stock gains, those who are looking out at 2006 are more concerned. |
The market is exhibiting the typical end-of-year patterns of low volume, lackluster trading and little volatility. |
The market is going to continue to be buffeted by this political story that doesn't go away. If we can get past that, hopefully the market will react positively to the end of a process. |
The market is going to remain on the defensive and start to look at this developing technology story. To technology, that story is very important. It filters throughout the whole chain of PC sales to companies that produce chips. |