I don't think you've go out and sell every bank stock you own. I just think you may want to wait a little bit to buy some, |
I expect double-digit growth in earnings for the third quarter. We always go through these earnings pre-announcements. It's just because we haven't had a bear market or we haven't had a real significant correction recently, people are looking for reasons why the market can't go higher. |
I sense a fundamental turn, ... And that is exciting. |
I think we are going to get a pause. I do think that the Nasdaq has clearly overshot the fundamentals. |
I think we are headed higher over time. I think people should use any pullback as a buying opportunity. |
I think we'll have a tough opening on Monday. Nothing is going to be different and that's why we're going to move lower. |
I think we're going to bounce. You've got prices at a point where I think people look at them as attractive, once you shake out more earnings reports. |
I would not sell because of the pullback. |
I'm not a great day-to-day trading type, ... I look at the next three to six months, and it's not this September or that October that creates this feeling of negativism. That's silly. Months do not create declines. Fundamental factors create declines or the perception thereof. |
If someone is planning to get long today, God bless. People are trapped long and they're hoping to get out and they're hoping it recovers. Hope is not a good investment thesis. |
In terms of the fundamentals of what Alan Greenspan said, there is nothing new there. The fundamentals are great. |
Instead of being a new bull market starting, this is just an oversold bounce from the downtrend, ... The sharpest rallies occur in bear markets and right now, everybody is like a deer caught in the headlights. |
Instead of being a new bull market starting, this is just an oversold bounce from the downtrend. The sharpest rallies occur in bear markets and right now, everybody is like a deer caught in the headlights. |
Instead of worrying about this quarter's earnings and the rate hike, let's look at 1998 now, ... Let's see what the kind of earnings we can have then. If there's no inflation in moderate growth, those numbers could come in very good, and the market can continue upwards. |
Instead of worrying about this quarter's earnings and the rate hike, let's look at 1998 now. Let's see what the kind of earnings we can have then. If there's no inflation in moderate growth, those numbers could come in very good, and the market can continue upwards. |