One of the pockets of strength has been in the health care area. You could flip a coin on the Nasdaq -- it's been a very tepid and guarded rally in the Nasdaq . But I think the Dow gains will prevail. |
Overall, a great inflation report. This again confirms interest rates should be declining over the next six months and should send the message to the Fed that it need not worry about long-term inflation. |
patience, knowledge and a lot of research. |
People are joining the camp of easier money for a longer period of time. The Fed should be willing to provide any and all support. |
People have been using a rotational strategy -- but eventually you'll have a peaceful coexistence between the two because the 'old economy' stocks will have very good relative earnings that people can attach to, |
People have been using a rotational strategy -- but eventually you'll have a peaceful coexistence between the two because the 'old economy' stocks will have very good relative earnings that people can attach to. |
Right now I think you're in the indiscriminate phase of selling. There's more of (a feeling of) anticipation and paranoia about the possibility that some of the Dow stocks could disappoint even further. |
Some of the governors are going to challenge another 50 basis point (half a percentage point) reduction that many people would like. I think they'll be guarded in their commentary and that may be one of the catalysts for the market to correct. |
Some of the negativity is lessening, but we've got to take small steps before we run as far as this type of investor is concerned. The retail investor is not usually the leader of the pack. This is not a group that's going to be waving the green flag in front of the bull and saying 'Let's go!'. |
Technology needs to be the leader on the way up, because it was the leader on the way down. Even though the earnings reports are miserable, there's a light at the end of the tunnel. That's what investors are looking at right now. |
Technology's high prices make them vulnerable, |
Technology's high prices make them vulnerable. |
That's imposing a ceiling of sorts on any rally. But the good news is that at the end of next week, tax-loss related selling may abate dramatically. |
The activity and action in the market is very positive and I think the bias of this market is up. |
The bad news could actually be fully discounted in the stocks themselves, |