(Greenspan's) a proponent of what productivity gains have brought to this new economy, ... Of all the things he says, the least hawkish is when he talks about productivity and the new economy. In terms of Wall Street's reaction, I wouldn't say we could garner anything but a positive feeling. |
(Greenspan's) a proponent of what productivity gains have brought to this new economy. Of all the things he says, the least hawkish is when he talks about productivity and the new economy. In terms of Wall Street's reaction, I wouldn't say we could garner anything but a positive feeling. |
(On) any pullback I think you're going to see some support. |
(Techs) had such a terrific run for the past two weeks that I believe some people are taking this opportunity to take some money off the table and invest it in the 'old economy,' |
[And the day's economic data, which showed strength in the housing market, were taken in stride.] Good news is good news, ... This is the time we need to hear good news in the economy. |
[But with the specter of next week's Federal Reserve meeting looming, most gains came from options trading, said Art Hogan, chief market analyst at Jefferies & Co.] For the last two weeks, the market has been focused on the Fed, ... That's still the case today, and it's going to be the case Monday too. |
[Hogan also likes Intel for a position in the semiconductor industry.] Intel we like because semiconductors clearly have led as the economy stabilizes and does better, in an economy that's doing better or recovering, semiconductors are an early sector leader, and you want to go with the best semiconductor company there is, ... So Intel is an obvious choice as a recovery play. |
[Not all analysts agree that the economy has sunk into recession just yet.] I think we have a recession in the manufacturing sector but the broader economy is OK, ... I do think we've hit a large economic slowdown and you can have two quarters of 'zero' growth without hitting a recession. |
A handful of bad news for a rainy Monday. The escalation of violence in the Mid East is obviously a major issue. |
A lot of people assume that what's bad for Microsoft is bad for technology, and that's what's hurting the Nasdaq, |
A lot of program selling kicked in, especially on the S&P 500 and those quickly turned to buy orders. |
A lot of that rally had to do with the ISM (Institute for Supply Management) number, particularly the employment component, with people hoping that in turn, Friday's monthly report will show a higher number of payrolls than what people are expecting. |
Abercrombie & Fitch and American Eagle seem to have really nailed it. They have great popularity. They've hit a great line, both moving in the right direction. We see great upside for the next year in both of those names, |
All of the news we got today was negative and the market was defying it ... the news was atrocious today, |
All the economic data is pointing to a slowdown, ... It's falling more than we expected and that's not good [for earnings]. Uncertain times have caused money to move to the sidelines. |