A really good bottom looks a little bit like it did last Friday and Monday, but then has follow through, it doesn't just sort of sputter out. I'm a little bit concerned, in the short-run, that there's downside risk. |
A stock like Microsoft has a history of splitting, |
A stock like Microsoft has a history of splitting. It's not the split that makes Microsoft a success. It's the success that makes the split. |
Analysts are not way off the mark anymore, so companies don't have to talk them down, |
But the market is not cheap, ... So if you're playing, what should you be playing? GE, I think, is a core holding in anybody's portfolio. |
Cheap is a relative term. In terms of price-to-earnings ratios, some of these stocks are still high. |
During an election year, the Fed likes to stay out of the headlines. |
Everybody is in a pretty reasonable state of confusion. |
free and easy monetary environment. |
Historically, markets are much more interested in things like how the economy is doing and what interest rate policy is than who is in power. |
I don't think, even with the economy a bit better, that we've crossed the inflation threshold. But we're operating pretty near full potential and that is why the markets are so sensitive to these economic news events. |
I think investors should be back in the market. The direction is up from here. |
I think they probably should have canceled this week for lack of interest. |
I think this is another correction within an ongoing bull market, rather than something more substantial. |
I think we're going at least up to the old highs by the middle of September. I think this is still basically a big-cap, blue chip market. |