People are looking for something that isn't necessarily going to happen. They're making the assumption that things are going to turn negative and there's no evidence to support it. |
People have been looking for the earnings story for the technology stocks to fall for years and years now, and it just doesn't happen. The earnings growth story is in the technology sector. It's more reflective of what the average investor views as the economy. |
People have gone from worrying how much they lost to worrying about how much they have left. |
Short-term interest rates should come down. Long-term interest rates should come down. There are no signs of inflation. |
Stocks are clearly under pressure. You would expect the higher rates to negatively impact the consumer. |
Technology should fare real well, given all the business being done on the Internet right now. Those subject to the Internet, like a Sun Microsystems, those type of companies should have excellent earnings, |
Technology should fare real well, given all the business being done on the Internet right now. Those subject to the Internet, like a Sun Microsystems, those type of companies should have excellent earnings. |
That fact alone could act as a stabilizing force for the market this week. The U.S. consumer has been the linchpin of this economy. So this number doesn't bode well, especially as we enter the Christmas shopping season and retailers are already suffering because of the West Coast ports dispute . |
That's a likely outcome. For the time being, as long as earnings are so strong, I think the worst [of the market's worry about a Fed rate hike] has probably already happened. |
That's just a reaction to four down weeks. You've got more factors to worry about now. Even if there's a war and it goes well, now you have far-reaching implications. |
The bias is up anyway, so now you've got a reason to hold that bias, ... You have to have a reason to be a seller and right now the market hasn't provided any reasons, other than it's up. |
The combination of weaker industrial production and weaker consumer sentiment number |
The Dec. 8 deadline -- it's a geopolitical concern. |
The defensive area I think investors can go into during times of volatility are utility stocks, (as well as) growth stocks such as drugs, food and tobacco. Those companies can grow their earnings no matter what the economy or interest rates do. |
The demand for that is unbelievable, |