There's a confidence in earnings that is offsetting the other trends. If $62 oil, a downgrade of GM and bombings in London can't derail the markets, what can? |
These numbers look pretty good, |
These numbers look pretty good. The problem with the group as a whole is that we have signs of a slowdown in the economy, and they are acting like consumers are never going to spend another dollar. |
They have a 98 percent hit rate in drilling activity, meaning they drill it, they find natural gas, ... They're going to increase the number of wells they're going to try and find. |
They supply almost all the largest telecom companies in the world with some of the backbone products for voice messaging and things of that nature, ... This stock has surprised analysts -- met or exceeded analyst expectations for 20 straight quarters. |
They've taken some of these stocks down to really low valuation levels in tech and telecom and the leaders are going to come out ahead of the game, ... This is an opportunistic environment for any of those companies that have cash and are looking to acquire technology. |
They've taken some of these stocks down to really low valuation levels in tech and telecom and the leaders are going to come out ahead of the game. This is an opportunistic environment for any of those companies that have cash and are looking to acquire technology. |
This is a market where too many people have already bought. Everybody is already in, so who's going to be the next buyer? |
This is that point where you hope for a bounce, but I don't think the time is right for a meaningful move up. I don't know if it's going to last through the day. |
This should prove over time to be an historic buying opportunity. |
Today's productivity report neutralizes some of the interest rate fears and negative impact they've had on the broader equity market. |
We could pull back a bit, but it will be limited to about a 5 percent decline and it will be quick. This market rally has not been about buying interest, but about the total lack of selling interest. |
We're due for a week's worth of consolidation. Just some backing and filling. Following that, we can head higher. |
We've gone from a psychology a month and a half ago that the economy is growing too quickly, and the Fed is going to have to raise rates, to we're going to go towards a recession because the economy's slowing too quickly. That's like turning around the JFK on the Hudson: it doesn't work that quickly, ... So you get fear coming into the market -- it just changes its nature. The fear was inflation. Now the fear is earnings. And it's going to end up somewhere in the middle. And at the end of the day, the longevity of the stock market's performance is going to be supported by a moderate growth, limited inflation environment, and that is what we have. It's not going to be robust growth -- 5.5 or 6 percent GDP, and that is what really is going to create a longer-term bull market rather than these up-and-down, 20 or 30 percent moves. |
We've gone from a psychology a month and a half ago that the economy is growing too quickly, and the Fed is going to have to raise rates, to we're going to go towards a recession because the economy's slowing too quickly. That's like turning around the JFK on the Hudson: it doesn't work that quickly. So you get fear coming into the market -- it just changes its nature. The fear was inflation. Now the fear is earnings. And it's going to end up somewhere in the middle. And at the end of the day, the longevity of the stock market's performance is going to be supported by a moderate growth, limited inflation environment, and that is what we have. It's not going to be robust growth -- 5.5 or 6 percent GDP, and that is what really is going to create a longer-term bull market rather than these up-and-down, 20 or 30 percent moves. |