If the focus on the market were to continue to go up even with bad news, that would indicate to me we're going to recover. |
If we have a series of big moves up, that would be a shock to the system, ... but, considering where are from a historical perspective, they could go up more gradually and not be a terrible headwind for the market. |
If you don't believe America is going to grow and recover from this, obviously you should sell, ... My guess is it's going to accelerate our recovery. |
If you have any kind of cut or a neutral bias, the markets will move higher. |
If you look at our portfolio that we run here with a three-year track record, basically it's equal to the S&P the last three years. This year we're down about 1.8, 1.9 percent versus an S&P that's significantly more than that down. |
If you look at the earnings so far, we've had on balance in-line or mildly positive surprises. Yet the guidance going forward had been guarded. If that continues, you're looking at a more subdued market response this week. |
It was a strong day for technology and small stocks. But most major stocks were mediocre performers, |
It's amazing to see intellectual capital turn into profits so quickly. |
It's frightening if you chase performance. One reason why investors went into Japan is that they saw the markets perked up there. |
My guess is that value will have its day, |
My sense is that January is going to be critical this year and I think you can see a good beginning to the month. I think you can see a positive January and my guess is that's how you're going to see money invested -- early and strongly. |
My sense is that we may be at a really important transition point. Yesterday was a pretty important day. (The market) turned around on expanding volume, which indicated some real buying going on. |
Next year people will still be cautious. At the same time I anticipate corporate earnings and economic growth will come in better than expected, |
Once we get over the shock of the headline, I find it hard to argue that this is a negative. |
One surprise in 2005 will be that business capital spending will be back in a big way especially as cash is at record levels on balance sheets and as companies ensure that they stay competitive. |