(Intel) is down but not out. We have a very nervous market and it's the dog days of summer, ... We are short-term overbought so we're giving some of it back with the excuse being Intel. |
(Intel) is down but not out. We have a very nervous market and it's the dog days of summer. We are short-term overbought so we're giving some of it back with the excuse being Intel. |
[Wednesday] was a beautiful day: breadth was good, volume was good, with the high-tech sector as the lead sled dog. |
A high level of employment is not a negative, it's a positive?. The problem arises if, in fact, it creates wage inflation. And we're not getting that, |
A number of the high tech names are getting smacked real good. It was already a market where investors were nervous already. With the darlings getting hit, that raises the anxiety level. |
A wet blanket was provided by the Palm offering. |
Action was impressive in the face of the continuing uncertainty in Iran, higher oil prices, and the Palestinian election results. |
After four days of selling, a giveback of about half of the gains of the first seven days of the new year and a big increase in gloom, we look for a rally attempt. |
After our selling climax on Friday, we've had a couple pretty good days that brought in cash aggressively off the sidelines. This market is just acting better because of its own internal devices, not because of any specific development. There's good value and money coming in, which is impressive. |
And the Fed is in business for one reason only, and that is to try and control inflation. |
Anyone who isn't worried about an attack on our homeland just doesn't have a pulse. |
Applied Material's multiple is bound to -- down to something like 15 times forward-looking earnings. The multiple less in the overall market and it's a great company with dynamic growth prospects. |
Basically, we're in a bull market, |
Bull markets set records, |
Consumer confidence is a blow-out number. It also ought to make people feel better about Christmas sales. |