When earnings are great, everybody knows about it, so what's the discount? |
When Greenspan spoke the market rallied, and when he stopped it gave the gains back, |
When Greenspan spoke the market rallied, and when he stopped it gave the gains back. |
When you see a 250-point spurt like that in less than two months, that's not sustainable. What this pullback is doing, and I think will continue to do, is bring us back to a more sustainable level. |
When you stop and think about it, if the Fed were to pause, what does it actually do for anybody ... in the afflicted Gulf region? At this point they're more concerned with basic food and shelter and not really comparison-shopping for mortgages. |
You can't fight the bond market. There's only so much the Fed can do. If investors are more concerned about economic growth slowing down in the future than inflation, they will flock to bonds. |
You had enough of a sell-off in October that you created an oversold condition. We can rally to mid-December. We might back and fill for a week or two, but the rally will support a possible 10 percent move on the Nasdaq; the S&P can get up to 1,280, while the Dow maybe gets up another 500 to 1,000 points. |
You would think that the earnings would be a positive catalyst, but in order for that to happen, we really need to see better than expected results. We need to see upside surprises beyond the areas we already know are working, like energy, mining and coal. |
You're talking about the best-run companies in the world. The economy is slowing, it's starting to show up in earnings and revenue, and this is going to be a tough year. |